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Omar Tariq
Energy & Commodities Reporter

Oil, gas, metals, and the energy transition. Covered commodities for Bloomberg in London before relocating to cover Asia-Pacific resource flows.new

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The month-long closure of the Strait of Hormuz has pushed Brent crude to $116 a barrel, causing massive disruptions in global oil, gas, and fertilizer markets.

Brent crude reaches $116 as month-long Hormuz blockade rattles markets

The month-long closure of the Strait of Hormuz has pushed Brent crude to $116 a barrel, causing massive disruptions in global oil, gas, and fertilizer markets.

Investors bet on a short-term resolution to the US-Iran conflict as Brent crude futures enter a deep 17% backwardation despite a persistent $10 risk premium.

Brent crude futures enter 17% backwardation as Iran conflict risks persist

Investors bet on a short-term resolution to the US-Iran conflict as Brent crude futures enter a deep 17% backwardation despite a persistent $10 risk premium.

Citi Research forecasts that the ongoing US-Iran conflict could push oil prices to a short-term high of $120 per barrel before they fall back to $75 by the end of 2026.

Citi sees oil prices hitting $120 then falling 37% in 2026

Citi Research forecasts that the ongoing US-Iran conflict could push oil prices to a short-term high of $120 per barrel before they fall back to $75 by the end of 2026.

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