EIA

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Who Is Paying Hormuz's Bill?

3 hours ago 1 minute read 0 comments Perfectionist25 $0.04

There are two oil prices. Brent is the price paid for oil transported by sea, i.e., by Asia and Europe. WTI is the price of America's own oil; American gasoline comes from there. The difference shows who bears the cost when the Strait of Hormuz is cl...