Brent climbs as Strait of Hormuz tensions spark fresh fears
The calm waters of the Strait of Hormuz have once again sent shockwaves through global oil markets.
July 07, 2026 (MLN): The calm waters of the Strait of Hormuz have once again sent shockwaves through global oil markets. Brent crude futures jumped 0.9% to $72.9 per barrel on Tuesday, according to data by Mettis Global, after reports of an attack on commercial vessels in one of the world’s most critical oil transit routes reignited concerns over supply disruptions. The Strait of Hormuz, a narrow yet strategically v...