Why hasn’t the price of Brent crude oil gone through the roof? Yardeni weighs in

The closure of the Strait of Hormuz since February 28 represents the largest supply disruption in the history of the oil market, removing more than 15% of global supply, yet Brent crude has risen only modestly to the $90–$100 range. Yardeni Research lays out why. The firm identified six factors temp