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Message: [QUOTE="Queen, post: 87549, member: 27"] A blocked Strait of Hormuz has already jacked crude oil prices past $91 a barrel, up from around $67-$69 just a day earlier. Hormuz shutdown details [LIST] [*]Duncan Amoah confirmed the strait is fully blocked right at this moment. [*]Iran, Russia, and China have their naval assets parked there. [*]U.S. forces are reportedly heading toward that same corridor. [*]Zero oil shipments have gotten through since that morning. [/LIST] Global supply fallout [LIST] [*]Roughly 22% of the worldwide crude flow just stopped moving. [*]Stockpiles across Europe, the U.S., and Asia face steeper premiums. [*]Amoah warned that nobody sitting on oil will let it go cheaply. [/LIST] What this means for Ghana [LIST] [*]Ghana's petroleum market could catch serious heat from this. [*]Amoah called the whole situation fluid and not looking kind. [/LIST] [/QUOTE]