Finnacials

FINANCIALS: Black & Blue Owl

Today, the 32-member countries of the International Energy Agency unanimously approved a coordinated emergency oil release of 400 million barrels, the largest in its 52-year history. The effective closure of the Strait of Hormuz has removed approximately 20mbd of oil from the global market. That implies the IEA is providing 20 days' worth of relief oil supplies and that the group expects a short war. The price of a