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Brent Surges Past $106 as Hormuz Mine Blasts and Pipeline Outage Threaten Crude Supply

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The Story

News Summary

  • Brent crude climbed toward $106.5 per barrel amid escalating Middle East supply risks.
  • Saudi Arabia's East-West pipeline remains shut following drone attacks, a tanker reportedly struck mines in the Strait of Hormuz, and regional diplomatic talks were abruptly postponed, intensifying severe supply disruption concerns.
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BRENT price history

98.52 +53.79% over the displayed period

Advisor Snapshot

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