Hot Red Oil: Brent Rubs $90 and Fears for Ormuz Grow
4 Articles
4 Articles
The lack of progress in negotiations in the Middle East, coupled with the escalation of the military tone between Iran and the United States, brings Brent oil back to the $90 level, pushing global exchanges and driving American Treasury revenues on the morning of Tuesday (18). The global dynamics can put new cuts in Selic, at a time when domestic activity shows signs of cooling, with the fall of 0.64% of IBC-Br in June. In addition to the possib…
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By Ignacio Montes de OcaThe Brent again approached the $90 and the market looked again with concern towards the Strait of Ormuz. On Monday, August 10, the oil rose by about 5% as the expectations of an agreement between the United States and Iran cooled that definitely reopen that route. To know if 90 dollars is much or little worth looking back: before the war the barrel was around 70 dollars; in March it reached 102 and weeks later reached 113…
The lack of progress in the negotiations between the United States and Iran once again alerted the energy market. Brent climbed 1% to USD 89.44 per barrel, while the WTI advanced 0.7% and remained at USD 82.95. Crude accumulates a strong rise during 2026: Brent increased 46.9% since December and maintains an increase of 23% since the beginning of the conflict in the Middle East. Source
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