Article
Brent Tops $100 As Gulf Conflict Escalates; UBS Warns US-Iran "Off-Ramp Remains Elusive"
Brent Tops $100 As Gulf Conflict Escalates; UBS Warns US-Iran "Off-Ramp Remains Elusive"
Brent crude futures topped $100 a barrel for the first time since July as US strikes on Iranian oil tankers and renewed attacks on Saudi energy infrastructure and a US base in Jordan suggested to UBS energy specialist Dominic Ellis that a "US-Iran off-ramp remains elusive."
Ellis adds more color on the overnight Gulf developments and response in the crude oil market:
Brent topped $100/bbl as the US and Iran continue to trade strikes around the Strait of Hormuz.
The...
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US announces end of Iranian blockade by October 15, 2026?
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