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1 revisions for "The $100 Barrel: How a Fragile Ceasefire, a Chinese Tanker, and a Collapsing Peace Process Are Reshaping the Global Oil Order"

Anonymousabout 7 hours ago

Oil prices have swung violently in 2026, rising from $61/barrel in January to $118 in late March as the US-Israeli war against Iran shut down the Strait of Hormuz, then crashing below $100 on an April 8 ceasefire before rebounding above $104 when peace talks collapsed in Islamabad on April 13. China's decision to send state-owned tankers through the strait in defiance of the US naval blockade — unchallenged by the Navy — has introduced a new variable that could undermine American sanctions enforcement globally and reshape the geopolitical balance of the oil market.