Report
Brent crude holds near $98, WTI around $90 as Middle East supply recovery eases disruption fears
Oil prices moderated from recent spikes as Middle East crude exports show recovery toward pre-disruption levels. Geopolitical premium persists from US-Iran dynamics and stalled diplomatic talks, keeping prices elevated despite supply relief.
TLDR
Oil price stability directly impacts global inflation trajectories and corporate cost pressures, influencing central bank policy paths and energy security outlooks. Recovery signals suggest reduced near-term supply shock risks, but persistent Strait of Hormuz tensions keep prices volatile and relevant to macro assessments.
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