Oil Prices Breach $114 as Hormuz Blockade Tightens
Global oil benchmarks have shattered the $100 barrier, with Brent crude surging to $114.86 per barrel during Monday morning trading. This 23% single-day spike follows a dire warning from Goldman Sachs that prices could reach $150 by the end of March if the “effective blockade” of the Strait of Hormuz persists. The investment bank noted…