Brent Extends Gains as Fresh US Strikes on Iran Rattle Oil Markets
🛢️ MARKETS — Brent was already climbing; new strikes just steepened the curve. 📌 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 — 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.
