Brent crude rises 1.5% as Hormuz shipping pressure persists
Continued disruption risks in the Hormuz Strait are supporting oil prices.
Update: This story updates earlier coverage: Brent crude rises 1.5% as Hormuz shipping pressure persists
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Key Points
- Hormuz shipping pressure persists as tanker routes stay exposed.
- oil holds above 100 dollars as Hormuz blockade keeps tanker risk elevated.
- Brent crude was at 105.4, up 1.5% on the session.
- Tanker routes remain exposed to disruption.
According to Reuters, Hormuz shipping pressure persists as tanker routes stay exposed. Brent crude was at 105.4, up 1.5% on the session.