North Sea Forties crude oil reaches a record high of USD 148.87/bbl, according to LSEG data; supply concerns will be boosted by US plans to block the Strait
The record high in North Sea Forties crude oil indicates significant upward pressure on supply due to geopolitical tensions, particularly the US plans to block the Strait.
Hapag Lloyd (HLAG GY) says for as long as there are still mines in the are, "we" do not believe that it is possible to navigate through the Strait of Hormuz
Newsquawk Daily US Opening News - 13th April 2026
North Sea Forties crude oil reaches a record high of USD 148.87/bbl, according to LSEG data; supply concerns will be boosted by US plans to block the Strait
Novo's (NOVOB DC) Ozempic for Australians is expected to fall from about AUD 300 a month for private patients to a small fraction after Australian patents expire in late 2029 and 2031, according to WA Today
Japan's PM Takaichi says they are to focus on stably lowering the debt-to-GDP ratio; to manage primary balance over multiple years
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This spike could lead to increased volatility in energy markets and impact inflation expectations, particularly for energy-dependent economies. Traders should closely monitor this situation as it may have broader implications for oil prices and related commodities across different asset classes.
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