Back to news
06 Aug 2026 · 17:05 GMT+3
6

Oil: Hormuz risk repricing with fragile support – BNY

BNY’s Geoff Yu notes Oil prices have stabilized near $80 as markets digest Iran’s proposed shipping route with Oman through the Strait of Hormuz. The temporary arrangement has reduced perceived disruption risk for Brent and WTI, helped by larger U.S. inventories.

Trading involves risk. The information above is for reference only and does not constitute investment advice.