Dated Brent Hits $105.6, Nearly $5 Above Futures Amid Hormuz and Red Sea Disruptions
Dated Brent, a benchmark for physical crude cargoes, rose to $105.6 a barrel, its highest in two months, while Brent futures traded above $100, leaving physical barrels nearly $5 above futures. The move unfolded as Iran-backed Houthi militants attacked two Saudi tankers in the Red Sea, opening a new front alongside disruptions around the Strait of Hormuz.
Rapidan Energy Group raised its fourth-quarter Brent forecast to nearly $100 a barrel from $85, citing prolonged disruptions to trade through Hormuz after the breakdown of the US-Iran ceasefire. The consultant said Brent could climb into the mid-$100 range in coming months if optimism over a peace agreement fades and the market starts pricing in tighter supply fundamentals.
From the sources (25 posts)
@anasalhajjiOil prices are up and brent is near $92/b.
@me_observer_⚡️⭕️ Brent crude oil surpasses $92 a barrel for the first time since June 11, amid the ongoing wave of US-Iran strikes and tensions over the Strait of Hormuz. (Rasd Akhbar Shehaba)
@hfi_researchStrait of Hormuz over the last 72 hours: escalation continues. Visible vessel traffic fell off a cliff. Only the Iran lane has vessels with AIS on, nothing in the Oman lane. We know there were still transits because UKMTO reported vessels
@macroedgeresBrent crude oil surpasses $95/bbl as Strait of Hormuz transits hit zero #MacroEdge
@menchosintBrent cruide oil this morning :📈 $94.5 Strait of Hormuz: Still closed Bab el Mandeb: Banned to Saudi navigation
@me_observer_⚡️⭕️ Brent crude climbs further to over $94 a barrel, up from $92 earlier, as US-Iran hostilities intensify and Reuters reports both Brent and US crude futures jumped 3% amid regional escalation. (Rasd Akhbar Shehaba citing Reuters)
@jackprandelli🚨🛢️Every major oil supply shock of the last 50 years left lasting scars. Iraq 1990: 81% hit to production four years later. Libya 2011: 76%. Iran 1980 and Iraq 1980: 64% each. Average across the 5 largest shocks: 42%, per Goldman Sachs.
@osint613Brent crude tops $94 a barrel, up from $92, as US-Iran war renews fighting
@jackprandelli🛢️Brent crossed $94 and is closing in on $95. Fresh US strikes on Iranian targets are the trigger. Goldman flagged this exact scenario days ago. Their own models show Brent could exceed $120 this quarter if Hormuz stays disrupted. The m
@anasalhajji🔴Brent price rose more than 4%. It is close to $95/b.
@theinsiderpaperBREAKING - Brent North Sea crude soars above $95 a barrel on Middle east war
@theinsiderpaperMideast conflict lifts Brent back above $94, stocks give up gains
@anasalhajjiRT @Attaqa0: عاجل.. أسعار النفط تقفز 4%.. وخام برنت لشهر سبتمبر عند 95 دولارًا للبرميل #أسعار_النفط #برنت
@rory_johnstonGm, Brent crude at ~$95/bbl Up another ~$10/bbl over the past trading week.
@farokhRT @DecryptMedia: NEWS: Brent crude tops $95 for the first time in six weeks as the conflict between the US and Iran continues to fuel supp…
@oilheadlinenewsBRENT OIL RISES ABOVE $95 A BARREL FOR FIRST TIME IN SIX WEEKS
@kalshiJUST IN: Oil prices surge above $95 for first time in 6 weeks
@cryptoroverBREAKING: 🇺🇸 🇮🇷 President Trump threatens Iran again. From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, the US will bomb one bridge or or power plant.
@kevrgordonBrent crude #oil now up by 31.9% in just the past three weeks
@anasalhajjiRT @anasalhajji: 🔴Brent price rose more than 4%. It is close to $95/b.
@cryptorover🩸BEARISH: $220 billion has been wiped out from U.S. stocks at the market open as President Trump issues a direct warning to Iran.
@faytuksnetworkOil breaches $95 a barrel for the first time in six weeks as escalating Middle East conflict threatens further supply disruption, Brent crude reached $95.24 before easing to $94.40, up over 3% - The Guardian
@faytuksnetworkGoldman Sachs analysts warn oil could reach $120 a barrel by year-end unless exports through the Strait of Hormuz restart - The Guardian
@endgameww3RT @FaytuksNetwork: Goldman Sachs analysts warn oil could reach $120 a barrel by year-end unless exports through the Strait of Hormuz resta…
@iranintl_enOil prices rose to a six-week high on Wednesday as the US and Iran traded strikes, with Brent crude up 3.5% at $94 a barrel.