1. CIBC Trader: Oil Market Tightens from 'Chokehold' to 'Stranglehold' as Prices Top $100
The global oil market is entering a new phase of extreme pressure, with a senior CIBC energy trader warning the situation has escalated from a 'chokehold' to a 'stranglehold.' This stark assessment comes as US oil prices settled above $100 per barrel for the first time since the onset of the war in Iran, signaling a se...