Monday, August 3, 2026
Brent oil structure changes to reflect mounting supply risk as Iran tensions flare- oil and gas 360

Brent oil structure changes to reflect mounting supply risk as Iran tensions flare

(Investing) – The price of Brent crude oil futures for prompt delivery rose on Tuesday to a one-month high over the price for oil six months later as traders priced in renewed risks to Middle Eastern supplies and shipping through the Strait of Hormuz. The first-month Brent contract traded $8.92 a barrel above the sixth-month contract, its largest premium since June 10. A

Hormuz risk sends energy shipping costs soaring- oil and gas 360

Hormuz risk sends energy shipping costs soaring: Oil & Gas 360

(By Oil & Gas 360) – Escalating tensions involving Iran are reverberating through global energy markets, as security concerns around the Strait of Hormuz push shipping costs sharply higher and raise questions about the reliability of one of the world’s most critical oil transit routes. Iran’s Islamic Revolutionary Guard Corps (IRGC) has taken on an expanded wartime leadership role inside