Energy & climate

Brent Closes $101.73 on Hormuz Combat Reignition

May 8 Brent closed at $101.73/barrel (+1.66%), after intraday spike to $108.80 and crash to $96.80. IEA warned conflict removed 14 million barrels/day supply.

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CNBCRigzone
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#2026-W14-03 · A single Hormuz shock closes the loop: energy, consumption, and monetary policy
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