Barrons
11 Jun 2026, 09:01 UTC · 2h ago
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President Trump stated that American forces control the Strait of Hormuz. — Control of a critical chokepoint by the U.S. reduces the immediate risk of supply disruptions, putting downward pressure on oil prices.
-0.60The U.S. and Iran have exchanged military strikes. — Direct military conflict between major powers in a resource-rich region typically increases geopolitical risk premiums and volatility.
+0.40Brent crude and WTI prices were edging down early Thursday. — Immediate price action reflects a bearish sentiment or a market reaction to the news of U.S. control over the Strait.
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