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Crude Alert - Market Update: War premium can push prices higher still as market weighs risk of Strait of Hormuz closure
Published: 13 June, 2025
Highlights:
- War Premium can push prices higher still as market weighs risk of Strait of Hormuz closure
- Israel’s attack on Iran pushed Brent towards $80/bbl, further price spike likely as the conflict is not yet over
- Strait of Hormuz closure could see 300 mmb removed from the market and Brent over $100/bbl
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