Brent crude crosses $100 a barrel again
The article says Brent crude has again moved above $100 after the latest military action. It also cites renewed concerns over Gulf supply, strategic reserve drawdowns and rerouted flows.
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USO XLE U.S. RAISES OIL PRICE FORECAST ON HORMUZ DISRUPTION U.S. energy officials expect Strait of Hormuz constraints to persist through Aug
USO XLE U.S. RAISES OIL PRICE FORECAST ON HORMUZ DISRUPTION U.S. energy officials expect Strait of Hormuz constraints to persist through August, limiting oil flows. The EIA raised its 2026 Brent crude forecast to $87 a barrel from $82 and lifted its U.S. gasoline estimate to $3.78 a gallon. Despite President Trump sayi