EnergyHighConfirmedAccelerating
10.0
Brent crude surpasses $95 per barrel for first time since June
Interfax·1 day ago
Rising Brent crude prices towards $100 threaten prolonged inflation and reset interest rate expectations, driving a global bond sell-off.
Direct military exchanges between the US and Iran have led to the confirmed closure of the Strait of Hormuz, triggering a global oil price surge and increased Brazilian DI rates. Concurrently, Kuwait has reported confirmed engagements with Iranian aerial projectiles and drone incursions, while an Iranian military group has designated UK-based facilities as legitimate targets, prompting a UK reaffirmation of defense posture. The UN Secretary-General has warned of rapidly escalating hostilities within Iran, emphasizing the urgent need for diplomatic intervention.