Oil prices gained 0.8% at the open after a reported U.S. attack on Iranian tankers, pushing Brent crude near $96 a barrel and close to six-week highs. Tension has built in the Strait of Hormuz following alleged Iranian attacks on U.S. Navy ships.
Brent oil gained 0.8% at the open, according to a Tier 2 report from Zero Hedge citing a reported U.S. attack on Iranian tankers. The move pushed Brent near $96 per barrel, close to six-week highs.
The reported strike follows alleged Iranian attacks on U.S. Navy ships, part of a broader military escalation. Concern has grown over supply disruption through the Strait of Hormuz, a critical corridor for global crude oil trade.
Market activity suggests increased odds of Brent reaching a new all-time high given the escalation. Still, pricing points to modest expectations for a near-term spike: a 1.6% probability of a significant oil price surge by September 30.
Source: Crypto Briefing
Trading involves risk.
Risk Disclaimer
