Commodities
WTI hits $91, Brent above $95 as Iran retaliates with strikes on US Gulf allies
US-Iran military exchanges have pushed oil prices to their highest levels of the current conflict, with supply disruption risk in the Persian Gulf...
Analysis
Energy sector equities and oil-linked sovereign credits face sustained repricing as WTI at $91 and Brent near $96 embed a $5/bbl geopolitical risk premium that will not compress until Iranian counter-escalation risk is resolved. US strikes on maritime assets directly threaten Strait of Hormuz throughput, through which roughly 20% of global oil supply transits. Tanker insurance costs and freight rates will rise immediately, creating a secondary cost pass-through to refiners and petrochemical producers with Persian Gulf feedstock exposure.
4 days ago