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With no obvious end to war, barrel price surges past US$100
'The worst oil shock in 50 years' - that’s how one former CIA officer has described the stranglehold on the world’s energy supply as the price of a barrel of oil pushes past 100 US dollars for the first time in four years, since Russia's invasion of Ukraine. With Washington unable to clearly articulate an exit strategy or even given a timeline for the conflict analysts like Amena Bakr from Keplr say a prolonged closure of the Strait of Hormuz could plunge the global economy into recession. The Iran’s Women’s Football team’s Asian Cup tournament is over after their defeat by the Philippines…
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