Brent Oil Climbs Toward $100 With Hormuz Constrained
Youtube·2026-09-08 21:25
If you look at some morning's moves. Look. Brent's steady march towards $100 a barrel.Traders are awaiting details of a deal between Iran and Oman to manage, you know, traffic through the Strait of Hormuz. So what's driving these gains. The fact that Hormuz is still largely constrained.Yes. We're probably getting up to 10 million barrels a day of crude oil through Hormuz, but that's only about half of what we had before the war. And importantly, there's a lot of focus now on oil products having crude oil, e ...