#MidEastRiskDrivesOilUp

1.2M viewing|258 post

About MidEastRiskDrivesOilUp

CENTCOM commander Cooper reportedly chaired a closed-door meeting in Germany with US, Israeli, and Arab military officials on Iran and Hormuz. Saudi pipeline damage has led Aramco to cancel European September cargo; Yanbu loadings are paused. Brent near $108/bbl; Dated Brent around $122/bbl. The CBO puts Iran operation costs at around $38B through Aug 1, with disruption flagged to push US PCE higher into 2027. Will pressure on Hormuz, the Red Sea, and Saudi bypass routes drive oil higher?