Hurricane Isaias disrupts U.S. oil production in Gulf of Mexico, threatens refineries
Gulf Shutdowns Add Pressure to Already Soaring Energy Prices. The shutdowns could put additional pressure on energy markets, particularly if the hurricane damages refineries or disrupts operations for an extended period. The potential losses come as the global oil market faces mounting pressure from the Iran war, which has disrupted shipping routes and increased transportation costs for crude oil.
Sources
- https://finance.yahoo.com/energy/articles/hurricane-isaias-could-threaten-u-195629539.html
- https://www.bastillepost.com/global/article/6232842-isaias-becomes-the-first-hurricane-of-the-atlantic-season-as-it-surges-towards-us-gulf-coast
- https://www.ibtimes.sg/hurricane-isaias-tracker-105-mph-storm-threatens-gulf-coast-evacuations-continue-94869