Brent jumps as Hormuz shipping pressure persists, tanker routes remain exposed
Brent crude rises 1.5% in session as ongoing shipping risk in the Hormuz Strait continues to.
Key Points
- Shipping pressure in the Hormuz Strait persists, with tanker routes exposed.
- Brent crude rises 1.5% in session to $105.4 per barrel.
- Market sensitivity to shipping route risks remains high.
Reuters reported that shipping pressure in the Hormuz Strait remains elevated, with tanker routes continuing to face exposure risks.
The supplied market snapshot shows Brent was at 105.4 up 1.5% in the session.