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High-Purity Fact Pipeline
ExxonMobil, Chevron, Enverus
Global, Strait of Hormuz
June 4, 2026
"Energy experts warn that oil prices could reach $150 US per barrel due to the closure of the Strait of Hormuz. Global oil inventories are reaching critically low levels. The conflict in the Middle East shows few signs of abating."
Author: Daniel Yergin
This Pulitzer Prize-winning book provides the definitive history of the global oil industry, explaining how geopolitical tensions in the Middle East and the control of strategic chokepoints like the Strait of Hormuz have historically dictated global energy prices and international relations.