Strait of Hormuz: The unrelenting crisis in the Persian Gulf continues

AI Summary

Tensions continue in the Persian Gulf with attacks on merchant vessels passing through the Strait of Hormuz, as reported by UK Maritime Trade Operations. Brent crude oil prices remain near $90 per barrel amid the ongoing regional instability and security concerns.

The front-month ICE Brent contract continues to trade near the $90/bbl mark as ongoing tensions in the Middle East show no signs of de-escalation. Merchant vessels continue to come under attack while attempting to pass through the Strait of Hormuz, the United Kingdom Maritime Trade Operations (UKMTO) reported. A commercial tanker was struck by an ...