Brent +4.6% to $108.40 as Trump's infrastructure threat reverses de-escalation hopes; Nikkei futures -2.1%, Euro Stoxx -1.6%, tanker war risk premiums moving toward 0.75%.
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Brent settled at $100.46/bbl — highest since August 2022 — as Iran's new Supreme Leader vowed to keep the Strait of Hormuz shut, sending global equities down 1.5% and yields climbing.
Brent holds above $92 as Hormuz stays disrupted. KOSPI -12.2%, Germany -8%, Thailand -10.7% — while Saudi Arabia gains 2.5% and Norway 1.1% on windfall energy revenues.
Brent hit $115.20/barrel Monday — its highest since 2022 — before retreating to $99 on ceasefire signals. Stagflation fears deepen as US fuel prices hit $3.44/gal and global growth outlooks darken.
Gold hit a record $5,400 intraday on March 1 before settling the week at $5,145—an 8.4% gain, its best weekly performance since March 2020. Silver peaked at $96, yen and franc firmed.
Brent crude settled at $81.40 on March 3, a 14-month high, as US-Israeli strikes on Iran trigger Hormuz disruption fears and analysts warn of $100/barrel scenarios.