From Brief · Today
BRENT
Brent Crude
96.94
+0.69% (+0.66)
Market read
The bank's upgraded scenario signals growing concern that Strait of Hormuz supply disruptions could persist for years, not months. That would keep a structural risk premium in oil prices well beyond near-term geopolitical headlines. Next up: MBA 30-Year Mortgage Rate.
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Goldman Sachs raised its Brent valuation, seeing prices as high as $120 if Hormuz disruptions last into 2027.
The bank's upgraded scenario signals growing concern that Strait of Hormuz supply disruptions could persist for years, not months. That would keep a structural risk premium in oil prices well beyond near-term geopolitical headlines.
FirstSquawk·09/07, 05:53 PM
High impactA Saudi Aramco refinery was hit in new strikes, according to the Financial Times.
Jin10·09/07, 01:52 AM
High impactIran's top security council secretary said the Strait of Hormuz is fully closed, calling Trump's claim that it remains open a total lie, and said daily traffic has dropped from over 100 ships carrying over 100 million tons to just 7-8 ships carrying essential Iranian goods.
FirstSquawk·09/02, 02:17 AM
High impactWTI crude oil rose 5.2% to settle at $90.22 a barrel and Brent rose 4.6% to $94.65, topping $90 for the first time since late July, after fresh US strikes on Iran and two supertankers were hit exiting the Strait of Hormuz.
BRENT
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