Post by Proshare (@Proshare)

Brent crude has moved above US$91 per barrel as the geopolitical risk premium embedded in Middle Eastern flows widens beyond the Persian Gulf into the Red Sea corridor. The extension of Houthi threats to Saudi ports, following the earlier closure of the Strait of Hormuz, signals that supply disruption risk is broadening rather than stabilising. Saudi Aramco's decision to load crude at Yanbu well above stated capacity, alongside tanker reversals by vessels bound for India and China, points to active rerouting behaviour by market participants rather than a contained, one-off event.

https://proshare.co/articles/houthi-threats-ignite-new-oil-price-surge-oir-210726?menu=Economy&classification=Read&category=Oil

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