Post by Proshare (@Proshare)
Brent crude continues to trade near US$86 per barrel even as Hormuz tanker transits approach zero, US-Iran hostilities widen to include strikes on civilian infrastructure, and Tehran extends retaliation to a Kuwaiti power and desalination facility. This apparent disconnect between physical supply risk and price behaviour should be read by investors and policymakers as a market still pricing residual confidence in eventual de-escalation, not as evidence that the risk has passed.
https://proshare.co/articles/oil-markets-ignore-mounting-risks-at-their-own-peril-oir-170726?menu=Economy&classification=Read&category=Oil
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