
#BrentBreaks100
About BrentBreaks100
Brent closed at $101.21 on Sept 9, WTI at $96.05. Supply fears spread from Hormuz to the Red Sea after US strikes on Iranian tankers, Iranian retaliation and Houthi attacks on Saudi energy facilities. Trump said the conflict could end after the Nov 3 midterms, with oil dropping sharply and gasoline eventually below $2/gallon, but no ceasefire or production deal. Gulf exports remain hard to track due to AIS-dark tankers. US SPR fell below 300M barrels in early August, narrowing the cushion.
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