Report
Oil prices surge near six-month highs on reports of tanker attacks near the Strait of Hormuz
Brent crude rose to $112–118 per barrel following reports of limpet mine strikes on tankers near the Strait of Hormuz.
TLDR
Geopolitical escalation raises fears of disrupted flows through a critical energy corridor. A tanker-tracking account says a shipment of 2 million barrels of Iranian crude recently arrived in China after 3.5 months at sea. Oil price gains contrast with the tech selloff and signal interconnected macro risks ahead of US midterms.
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