Managers of the Guinness Global Energy fund have warned of an oil price spike to $150 per barrel if Iran were to carry out its threat of closing the Strait of Hormuz and blocking 15% of global oil exports.
The price of Brent Crude jumped by roughly $5 today to an eight-month high of $111.65 per barrel as investors reacted nervously to the news. The US and its allies are threatening to increase pressure...
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14 September 2021
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2 min read
