Energy
6.1
Brent Holds Near $105 as Iran Drone Attacks, Hormuz Tensions Persist
Published 1 d ago5 sourcesEvidence: Reported
SeverityModerateAssessedDeveloping storyOilPrice.comIR · US · MX
Brent crude exceeds $106 as Iran intensifies tanker attacks in the Strait of Hormuz and global inventories drain, with OPEC forecasting stronger demand. Market response to diplomatic statements has weakened, indicating fundamentals now dominate over rhetoric. The situation suggests sustained supply risk and potential for further price increases.
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