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Amid Prolonged Conflict Energy Markets Face Uncertainty
Bloomberg Television· 2026-03-08 12:50
We are going to talk about energy. Oil prices above $90 a barrel. That's up about 36% in a week.Gas prices, $3.45% a gallon. That is up about $0.45% in a week. Daniel Yergin, writing in the Financial Times on Friday of this week in an opinion piece titled Is the Nightmare Scenario for Global Energy.Here I'll read a little bit from it. Crude oil prices in the nineties are far from the worst case scenario, but right now the world is looking at the biggest disruption in oil production in history, as well as a ...
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BSCN· 2026-03-01 14:01
🚨UPDATE: GLOBAL GAS MARKETS HIT BIGGEST SHOCK SINCE 2022 AMID IRAN CONFLICTThe Iran conflict has closed the Strait of Hormuz, trapping 20% of global LNG supply and halting at least 11 major tankers, with no rerouting options available unlike for oil.This disruption, the largest since the 2022 Ukraine invasion, is sparking a global bidding war for cargoes, driving spot prices to spike and long-term contracts to soar amid surging Brent crude.Bitcoin prices dipped below $64,000 following U.S. and Israel strike ...