Brent crude tops $108 as Trump rejects Iranian proposal to reopen Hormuz Strait
Why now
Thesis: Strait risk premium lifts crude sharply
Catalyst to watch: Hormuz reopening or further escalation
Main risk: Supply disruption could spike then reverse
Why it matters
Brent above $108 on Hormuz tension raises energy costs and inflation risk, supporting energy equities but pressuring consumers.
Sources
- googlenews · news.google.com · 2026-09-27 23:58 UTC