BP Starts Production at Trillion-Cubic-Foot Gas Prize In Azerbaijan

An acute re-escalation in the U.S.-Iran conflict and a prolonged blockage of the Strait of Hormuz could drive global crude oil prices to $180 per barrel by August, Jorge León, Head of Geopolitical Analysis at Rystad Energy, has projected on CNBC's Squawk Box Europe. According to Rystad's León, this extreme bull-case scenario would materialize in the form of prolonged military strikes, physical damage to infrastructure or full Strait of Hormuz blockade. León says that whereas recent de-escalation talks and temporary ceasefires…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.comWeiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com