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21 Jul 2026 · 14:41 GMT+3
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Oil: Geopolitical premium persists as Gulf conflict escalates – BNY

BNY’s Geoff Yu notes that the U.S.–Iran confrontation and Houthi threats in the Red Sea are sustaining a geopolitical premium in Brent and WTI. Brent has risen toward $88 per barrel, with risks that Strait of Hormuz disruptions further tighten Oil supply.

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