Geopolitics26 October 2026
Oil surges, stocks drop as Iran conflict disrupts Strait of Hormuz tanker traffic
via CNBC
Tanker traffic through the Strait of Hormuz slowed to near-zero amid war-risk insurance spikes and shipping suspensions. JPMorgan warns Brent could hit $100-$120 if Gulf producers max out storage and shut in output. Expect volatility in oil, equity indices (energy-weighted), and safe havens like gold.
Original source
CNBC
Related stories
Geopolitics28 October 2026
U.S. gas prices hit $4.09 as Iran war tightens global oil supplies, stockpiles low
Geopolitics28 October 2026
Oil surges above $106 on U.S.-Iran conflict, threatening global supply chains
Geopolitics27 October 2026
Russia oil sanctions pause delivers economic and political win to Kremlin
Geopolitics27 October 2026