Tag
2 articles
Energy
Global oil prices jumped more than 4% on June 1, 2026, as fresh geopolitical tensions in the Middle East reignited fears over supply disruptions through the Strait of Hormuz. The rally has brought $100-per-barrel oil back into serious market conversation.
Economy
Moody's Ratings has issued a stark warning: the Strait of Hormuz disruption is no longer a temporary geopolitical shock it is becoming a permanent structural shift. With oil potentially holding above $90 per barrel through the year, here's what that means for businesses, supply chains, and the global economy.