Post by Proshare (@Proshare)

Oil markets re-entered the week caught between geopolitical anxiety and physical weakness. Two drone strikes on vessels near the Strait of Hormuz reintroduced a risk premium, lifting ICE Brent back toward US$74 per barrel, yet the underlying physical market remains soft. Saudi Aramco's decision to cut August official selling prices to Asia by US$11 per barrel, pushing Arab Light below regional benchmarks for the first time since 2020, signals a defensive posture on market share rather than confidence in demand.

https://proshare.co/articles/geopolitical-risk-returns-as-drone-strikes-hit-hormuz-shipping-oir-070726?menu=Economy&classification=Read&category=Oil

Oil markets re-entered the week caught between geopolitical anxiety and physical weakness. Two drone...

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