newsupdates
Brent Approaches $100 as Gulf Strikes Compound Supply Risk
🛢️ CRUDE — Five tankers destroyed, Kharg hit: the $100 threshold is now a sentiment wall. 📌 LOOK CLOSER: Brent at $100 is psychological, not physical — Hormuz traffic still moves, SPR releases cap spikes. The real pressure is insurer withdrawal compounding tanker attrition. Each strike narrows the gap between managed disruption and structural