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Author name: gulftoday

Physical oil supply hits $150 a barrel as Hormuz crisis worsens

date Apr 14, 2026

price of physical crude oil cargoes for prompt delivery to Europe hit a record high near $150 a barrel on Monday. price of Brent crude futures rose 6% for June delivery to more than $100 a bar. the US navy prepared to block ships to and from Iran via the Strait of Hormuz.

Source: gulftoday.ae

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