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Rory Johnston: Strait of Hormuz turmoil impacts oil markets

Rory Johnston: Strait of Hormuz turmoil impacts oil markets
Strait of Hormuz troubles hit oil

Rory Johnston, industry influencer, discussed the recent chaos in the Strait of Hormuz and its implications for oil markets during a segment on CBC's Power and Politics.

The conversation focused on the turbulent events in the region over the past 24 hours and what they could mean for global energy prices and market stability.

Johnston recently reported that crude oil touched a new nominal all-time high above $144.22 per barrel, although the inflation-adjusted record remains higher (link). He also noted that Brent prompt timespread backwardation surpassed $10 per barrel, reaching a new record (link). These developments come amid heightened attention to short-term price moves in energy markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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