Oil Rises $1 as US Strikes Lark Island, Iran Claims Retaliation
๐ MARKETS โ Six months of war, and oil moved one dollar. ๐ LOOK CLOSER: Brent was already at $88 โ up 30% year-over-year โ so the market priced escalation months ago. A $1 move on Lark Island strikes, a tanker hit, and an Al Udeid claim signals price exhaustion, not calm. If Al Udeid is confirmed, the next leg won't be $1. The market is betting this stays contained; that bet has a short shelf life.