Oil Prices Rise and Stocks Fall on Hormuz Conflict
Brent crude rose 6 percent to 114 dollars as Iran targeted ships in the Strait of Hormuz. Equities fell while bond yields rose on higher inflation fears.
Xurve View
Insights:
Xurve View
Iran military strikes in the Strait of Hormuz on Monday drove Brent Crude Oil prices up 5.8% to $114.44 per barrel. This marks the sharpest escalation since a ceasefire four weeks ago, following a United Arab Emirates port fire. Sustained prices above $100 threaten to transform 2025 tax cuts from economic stimulus into a mere shock absorber.
### Energy Markets and Geopolitics WT WTI CRUDE OIL rose 4.4% to $106.42 after United States President Donald Trump pledged to force the strait open. The waterway carries 20% of global seaborne oil and has faced disruption for two months.
