Brent crude rose to $105.70 after Trump rejected Iran’s proposal regarding the Strait of Hormuz
Why now
Thesis: Hormuz risk drives Brent sharply higher
Catalyst to watch: Strait of Hormuz supply news
Main risk: Truce could sharply reverse prices
Why it matters
Brent at $105.70 on Hormuz tension raises energy costs, feeding inflation and pressuring rate-sensitive assets.
Sources
- googlenews · news.google.com · 2026-09-28 03:34 UTC