Brent jumps as Hormuz shipping pressure persists, tanker routes remain exposed
Brent crude rises on continued shipping risk in the Hormuz corridor, with tanker routes still exposed to disruption.
Update: This story updates earlier coverage: Brent jumps as Hormuz shipping pressure persists, tanker routes remain exposed
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Key Points
- Brent crude rises to $105.4 per barrel as of 23:42 UTC on March 26.
- Shipping pressure in the Hormuz corridor persists, with tanker routes exposed to disruption.
- The session's move in Brent is 1.5%, with a 1-hour move of 1.2% and a 5-minute move of 0.4%.
Brent crude climbed to $105.4 per barrel as of 23:42 UTC on March 26, with the session's move reaching 1.5% amid ongoing shipping pressure in the Hormuz corridor.
The supplied market snapshot shows Brent was at 105.4 up 1.5% in the session.