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Tue Β· 28 Jul 2026
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Brent Extends Gains as Fresh US Strikes on Iran Rattle Oil Markets

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Brent Extends Gains as Fresh US Strikes on Iran Rattle Oil Markets

πŸ›’οΈ MARKETS β€” Brent was already climbing; new strikes just steepened the curve. πŸ“Œ LOOK CLOSER: With Hormuz at 13 vessels/day and Cape rerouting priced as semi-permanent, each strike wave adds a risk premium on top of a structural deficit. The question isn't why oil rises β€” it's whether this move breaks the $84 ceiling or signals insurers repricing Cape routes as the new normal, locking in costs before Thursday's Trump address.

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