WS #16053
Brent Crude is trading at $109.52, up 3.4%, supported by confirmed attacks on the Strait of Hormuz and the US deployment of a third aircraft carrier to the Middle East. This escalation keeps the risk premium elevated, benefiting energy majors while pressuring downstream consumers like airlines and shipping. The situation is escalating rather than de-escalating, with no immediate diplomatic off-ramps visible.
Geopolitical Escalation & Energy
Brent Crude is trading at $109.52, up 3.4%, supported by confirmed attacks on the Strait of Hormuz and the US deployment of a third aircraft carrier to the Middle East. This escalation keeps the risk premium elevated, benefiting energy majors while pressuring downstream consumers like airlines and shipping. The situation is escalating rather than de-escalating, with no immediate diplomatic off-ramps visible.