Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the Stakes
Hormuz traffic remains near a standstill as Trump’s ‘Economic D-Day’ campaign pushes Brent closer to $100. Friday, August 21, 2026 Transits through the Strait of Hormuz have been in single digits the entire week, with Trump’s announcement of an ‘Economic D-Day’ campaign against Iran increasing geopolitical risk premia in the markets.
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Key Facts
- Fact 1: Hormuz traffic remains near a standstill as Trump’s ‘Economic D-Day’ campaign pushes Brent closer to $100.
- Fact 2: Friday, August 21, 2026 Transits through the Strait of Hormuz have been in single digits the entire week, with Trump’s announcement of an ‘Economic D-Day’ campaign against Iran increasing geopolitical risk premia in the markets.
- Fact 3: With ICE Brent at $94 per barrel, Asian LNG prices at $24 per MMBtu and VLCC freight rates at exorbitant levels, this week’s gradual upward creeping momentum towards $100-per-barrel…
Hormuz traffic remains near a standstill as Trump’s ‘Economic D-Day’ campaign pushes Brent closer to $100. Friday, August 21, 2026 Transits through the Strait of Hormuz have been in single digits the entire week, with Trump’s announcement of an ‘Economic D-Day’ campaign against Iran increasing geopolitical risk premia in the markets.
With ICE Brent at $94 per barrel, Asian LNG prices at $24 per MMBtu and VLCC freight rates at exorbitant levels, this week’s gradual upward creeping momentum towards $100-per-barrel…
(Original synthesis pending human/AI review — generated by the stub provider from the source excerpt only, not copied verbatim from the full article.)
Original source: OilPrice.com
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