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.