The World Is Running Out of Cheap Oil — And Markets Are Panicking
David Somoza-Cano — On the morning of March 12, 2026, United Airlines stock plummeted 33% in a single trading session. Crude oil surged past $100 a barrel. Tankers were burning in the Persian Gulf. Unexpectedly, Washington authorized the sale of Russian oil that has been sanctioned for years. This is not a routine market correction. […]
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