Trading Day: The destructive power of $100 oil - Reuters
Trading Day: The destructive power of $100 oil Reuters
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Notable Quotes
"The conflict in the Middle East is having significant impacts on global oil and gas markets with major implications for energy security, energy affordability and the global economy."
— Faithe Birol , Executive
"But, to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz."
— Faithe Birol , Executive
"Iran would be hit by the United States of America TWENTY TIMES HARDER if it sought to impede tanker traffic in the Strait of Hormuz."
— Donald Trump , Politician
Key People
Former president of the United States known for his aggressive economic policies.
Faithe Birol is the executive director of the International Energy Agency.
Chairman of the Joint Chiefs of Staff.
Katharina Reiche is Germany's economy minister.
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<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxOVVFwajRfcHowVnliZV8zZUlrMUJqdDVEeUE5QXp5YVRVYWttUHJuYjcwZWwtbUYzWHZFWkRCY3pxTDh3emp1Nno5b0JBcGxlZVNRNGJlWE0yd2xxTV80Nko3QkxEWG9CVXdpWE8wN0d4RzBaVnI3RUIwTk1TZkphXzJ1WlUtc1hnTDZUcXdXTWRCTHc?oc=5" target="_blank">Trading Day: The destructive power of $100 oil</a> <font color="#6f6f6f">Reuters</font>
The International Energy Agency announced the release of 400 million barrels of oil from its strategic reserve, the largest in its history, in response to the U.S.-Israeli war with Iran and its impact on global oil markets.
Asian shares advanced but then gave up much of their early gains as investors awaited signals on when the war with Iran may end, with oil prices remaining sharply below their peaks hit on Monday.
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