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Expect Significantly Higher Oil Prices Unless the Strait of Hormuz Reopens: TD Securities' Ghali

Summary by CNBC
Daniel Ghali, TD Securities senior commodity strategist, joins 'Squawk Box' to discuss the state of oil markets amid the Iran war, whether the release of global strategic petroleum reserves will make an impact, and more.

3 Articles

The war in Iran shocks the international oil market: Germany, the US and other nations want to counter with oil reserves in record quantities. Can this work?

Brent was trading at $92 per barrel. Recipes with transport in the Ormuz Desert concern investors. Iran warned the world to prepare. International coordinated action on the table.

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CNBC broke the news in United States on Wednesday, March 11, 2026.
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