{"id":119573,"date":"2026-05-01T11:40:05","date_gmt":"2026-05-01T15:40:05","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=119573"},"modified":"2026-05-01T11:40:05","modified_gmt":"2026-05-01T15:40:05","slug":"brent-crude-holds-near-100-despite-strait-of-hormuz-shock","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/brent-crude-holds-near-100-despite-strait-of-hormuz-shock\/119573\/","title":{"rendered":"Brent crude holds near $100 despite Strait of Hormuz shock"},"content":{"rendered":"
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The shutdown of the Strait of Hormuz<\/span><\/span> since February 28 has shaken the oil market. More than 15% of global oil supply has been removed.<\/p>\n

This is one of the biggest disruptions ever seen. Many expected prices to spike sharply. Some forecasts even pointed to $150 or $200 per barrel. Brent crude<\/span><\/span> has only climbed to around $90 to $100.<\/p>\n

According to Yardeni Research<\/span><\/span>, several factors are keeping prices in check.<\/p>\n

Why Brent crude prices remain stable after supply shock<\/h2>\n

One key reason is alternative supply routes. Countries like Saudi Arabia<\/span><\/span> and the United Arab Emirates<\/span><\/span> are using pipelines. Together, they are moving about 7 million barrels per day.<\/p>\n

Emergency supply has also helped. Waivers on oil from Iran<\/span><\/span> and Russia<\/span><\/span> added more barrels to the market.<\/p>\n

Global reserves played a role too. The International Energy Agency<\/span><\/span> released stockpiles. China<\/span><\/span> also sold some of its reserves. Another factor is demand. Consumption is slowing. The IEA now expects global demand to fall by 80,000 barrels per day in 2026.<\/p>\n

The global economy is also less dependent on energy than in the past. This reduces the impact of supply shocks.<\/p>\n

Asia oil prices spike while global outlook stays controlled<\/h2>\n

Prices are not equal everywhere. In Asia, Dubai crude<\/span><\/span> has surged to as high as $260 per barrel.<\/p>\n

This shows how regional shortages are driving sharp price gaps. Buyers in Asia are paying heavy premiums. At the same time, futures markets tell a calmer story. Prices are in backwardation. This means traders expect the disruption to be temporary.<\/p>\n

Yardeni Research<\/span><\/span> believes Brent crude<\/span><\/span> will stay between $85 and $100 for the rest of the year. The firm also noted that interest rate hikes are unlikely for now. Inflation expectations remain stable. There is no strong sign of a wage price spiral yet.<\/p>\n

The oil market is under pressure. But it is proving more resilient than expected.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The shutdown of the Strait of Hormuz since February 28 has shaken the oil market. More than 15% of global\u2026<\/p>\n","protected":false},"author":294,"featured_media":119574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[36260,35422,12828,36112,36259,5218,34379,7948,33979],"class_list":["post-119573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-barrel","tag-brent","tag-brent-crude","tag-brent-oil","tag-brent-price","tag-oil","tag-oil-price","tag-strait-of-hormuz","tag-top-stories"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/119573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=119573"}],"version-history":[{"count":1,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/119573\/revisions"}],"predecessor-version":[{"id":119575,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/119573\/revisions\/119575"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/119574"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=119573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=119573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=119573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}