# Brent
Latest news and articles about Brent
Total: 7 articles found
A 'Very Small Price': Oil Tops $100 as Middle East Fighting Sends Markets Into Risk Mode
Renewed fighting involving the U.S. and Israel against Iran pushed international crude futures above $100 a barrel for the first time since mid‑2022, as traders priced in supply‑risk and shipping disruptions. President Trump described the economic fallout as "a very small price" for security, highlighting the political calculus that will shape responses from producers, consumers and allies.
Largest Ever SPR Release Fails to Calm Markets as Hormuz Risk Sends Oil Back Above $90
A coordinated release of 400 million barrels from IEA member strategic reserves failed to arrest a sharp rise in oil prices as renewed threats from Iran over the Strait of Hormuz injected a large risk premium. The IEA has downgraded its supply-growth forecast, and analysts warn that reserves can only delay, not replace, lost production while shipping through Hormuz remains at risk.
Oil Surges Past $110 as Middle East Tensions Spike; Gold Retailers Hike Prices and China Tightens Market Rules
Oil prices surged above $110 a barrel on March 9 as renewed Middle East tensions and precautionary production moves rattled markets. Chinese gold retailers raised retail prices, regulators clarified exemptions on insider short‑swing trading to stabilise equities, and a viral open‑source AI agent drew cybersecurity warnings.
Surge in Crude Sends China’s Pump Prices Up — Biggest Hike Likely This Year
A surge in crude prices driven by Middle East tensions has pushed WTI above $89 and Brent near $92, prompting Chinese authorities to raise retail pump prices by roughly 0.39–0.42 yuan per litre. The adjustment, likely the largest this year, will raise costs for transport and industry and complicate policymakers’ efforts to balance inflation and growth.
China Set to See Biggest Fuel Price Jump This Year as Global Oil Rally Pushes Retail Pump Prices Higher
A sharp global oil rally has pushed international benchmarks to multi‑month highs, triggering China’s scheduled fuel‑price review on March 9. Regulators are expected to raise retail caps by about 500 yuan per tonne, the largest increase this year, raising pump prices and transport costs for consumers and businesses.
Oil Shock Returns: Strait of Hormuz Gridlock Sends Prices Soaring and Raises $150-a-Barrel Risk
Escalating hostilities around Iran and Israel have pushed shipping through the Strait of Hormuz toward paralysis, sending oil prices sharply higher and prompting warnings that prices could surge toward $150 a barrel if exports halt. Markets and policymakers face a renewed inflation‑growth dilemma as storage constraints, production cuts and higher freight and insurance costs turn a regional conflict into a global energy risk.
Goldman Says Markets Have Priced an $18/Barrel 'Iran Shock' — A Warning of Strait of Hormuz Vulnerability
Goldman Sachs has priced an $18-per-barrel risk premium into crude markets amid reports of severe escalations involving Iran and damage to regional shipping. The premium reflects market concern that a closure of the Strait of Hormuz or other disruptions could swiftly remove millions of barrels per day from global supply, amplifying oil, gas and freight costs despite existing spare capacity and inventories.