US Forces Press Iran Campaign as Brent Nears $92 and Tanker Traffic Keeps Falling
Key Takeaways U.S.-Iran combat cut Strait of Hormuz transits by nearly 50% to 127 vessels for the week ending July 19. Brent crude spiked toward $92 per barrel as Indian Oil Corp. suspended Iraqi oil loadings amid security risks. Goldman Sachs warned that prolonged shipping blockades could push Brent crude past $120 per barrel in
