Brent crosses $108 as Hormuz closure enters week three
The price isn't reacting to news. It's reacting to its absence.
🔴 BREAKING — Brent broke $108 in afternoon trading. No new escalation triggered it.
📌 LOOK CLOSER: The move happened on a quiet news day — no fresh strikes, no diplomatic collapse, no tanker incidents. That's the signal. Markets are no longer pricing the next event; they're pricing the absence of resolution. With Hormuz closed for nineteen consecutive days and no negotiation channel publicly active, traders are extending their duration assumption. Goldman's $120 scenario, dismissed as alarmist three weeks ago, is now the median forecast at three major desks. The longer the silence, the higher the floor.
