Iran threatened to close Hormuz. That was enough.
When a strait closes on paper, prices move as if it has closed for real.
Browsing Tag
Brent crude oil prices
7 posts
Oil swings $30 in a day as Iran turns Hormuz into a diplomatic weapon
From $120 to $90 in 24 hours: Iran named its price for reopening the world’s most critical energy chokepoint.
Did the US just fund Russia’s war by bombing its drone supplier?
Urals crude hits budget target for first time in months as Gulf chaos drives global prices up.
Iran de-escalation sends oil down 5%, squeezing Russia’s war funding (INFOGRAPHIC)
Moscow’s January revenues could hit their lowest since late 2022.
Did 2025 break Russia’s oil revenue model? (INFOGRAPHIC)
Kremlin budgeted for $70 oil. Ukrainian strikes and Western sanctions ensured it got $35.
From battlefield to oilfields: Ukraine’s drones squeeze Russia’s war economy
Ukrainian strikes hit 16 of Russia’s 38 refineries, disrupting 1M+ barrels daily as diesel exports approach 2020 lows.
Reuters: Trump may help Ukraine unintentionally despite earlier moves undermining it
Since Trump’s presidency began, Brent crude prices dropped from $82 to $61 per barrel. This decline undermines Russia’s war funding capacity.