00:00oil is surging and the world is holding its breath brent crude just jumped more than four percent
00:05it climbed above eighty dollars a barrel at one point it even hit its highest level since january
00:11two thousand twenty five this is the third straight day of gains the reason is simple war risk the us
00:18and israel have expanded their air campaign against iran in response iran has targeted
00:23energy infrastructure in the gulf and threatened ships in the strait of hormuz that narrow passage
00:29carries about twenty percent of the world's oil and gas if it closes global supply could be shaken
00:34overnight tankers are already avoiding the route insurance coverage is being cancelled shipping
00:40costs are soaring u.s crude also jumped nearly four percent diesel futures spiked over eight percent
00:47european gas oil surged more than nine percent saudi arabia even shut its largest domestic refinery
00:53after a drone strike that added more fuel to the rally analysts warn that if this conflict
00:59drags on prices could climb much higher in an extreme case oil could surge to 120 or even 150 a
01:07barrel for now markets are tense every strike matters every headline moves prices because in this
01:14conflict oil is not just energy it is leverage and the strait of hormuz is the pressure point
Comments