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Sun · 26 Jul 2026

Oil Prices Ease as Markets Bet Hormuz Will Stay Open

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Oil Prices Ease as Markets Bet Hormuz Will Stay Open

📉 MARKETS — Oil prices easing while five US strike waves say otherwise. 📌 LOOK CLOSER: After surging its most since May, Brent is pulling back on one analyst assumption: Hormuz stays open. That bet contradicts CENTCOM's own failure to reopen it across five waves. Markets pricing in resolution while Iran fires ballistic missiles at Bahrain is a dangerous disconnect — if Hormuz tightens further, the repricing will be violent and fast.