Brent crude rises 1.5% as Hormuz shipping pressure persists, tanker routes remain exposed
Brent crude stayed in focus as shipping pressure in Hormuz persisted.
Update: This story updates earlier coverage: Brent crude rises 1.5% as Hormuz shipping pressure persists, tanker routes remain exposed
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Key Points
- Hormuz shipping pressure persists as tanker routes stay exposed.
- 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. This has contributed to a 1.5% rise in Brent crude prices during the session.