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Hormuz tensions escalate with near-zero Iranian loadings, Houthi attacks on Red Sea shipping and Saudi refinery, pushing Brent toward $87 with risk of $100. OPEC output rebounds partially offsetting …
Escalating Hormuz Strait tensions, near-zero Iranian oil loadings, and renewed Houthi/Red Sea attacks are driving Brent toward $87 with risk of a run to $100, signaling a bullish supply-shock outlook…
WTI surged +6% and Brent topped $100/bbl after Houthi attacks on Saudi tankers in the Red Sea, compounding Strait of Hormuz disruptions from the US-Iran conflict. Bearish EIA inventory builds and ris…