Global crude benchmarks climbed to six-week highs as escalating military conflicts involving the United States and Iran threatened critical Middle Eastern shipping lanes. According to market data from early Asian trading, WTI crude rose 1.64% to trade at $88.25 per barrel, while Brent crude gained 2.10% to reach $96.05 per barrel amid persistent supply disruption … Read more
Global oil prices jumped 12% since last Friday as the U.S. reinstated a blockade on Iranian exports, sparking renewed volatility in the Strait of Hormuz. Brent Crude climbed toward $85 per barrel, while WTI Crude neared the $80 mark, according to market data, as geopolitical tensions effectively ended the relative calm of mid-June. Strait of … Read more
The Great Energy Whiplash: Why Markets Are Bracing for a Volatile Summer Energy markets are currently caught in a high-stakes tug-of-war between aggressive geopolitical maneuvering and the looming threat of a “Super Niño.” As crude oil futures dance around the $100-per-barrel mark, investors are finding that traditional supply-demand models are being shredded by the unpredictability … Read more