
#RedSeaRiskOilReturns100
About RedSeaRiskOilReturns100
Red Sea shipping risks escalated on Sept 10 as Houthi forces struck vessels and Saudi energy facilities, extending supply fears from Hormuz to the Red Sea. Brent rose to roughly $108, WTI briefly broke above $104. US national average diesel reached $5.98, approaching $6 per gallon. Trump said oil may not fall until after the November midterms, with no ceasefire or production deal in sight. Whether supply risk translates into a sustained shock depends on how long the lane stays compromised.
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