Brent: Oil prices rise amid geopolitical tensions – BNY
Source Fxstreet
Brent crude has surpassed $70 per barrel for the first time since September, driven by rising tensions with Iran and broader geopolitical risks. Bob Savage, Head of Markets Macro Strategy at BNY, emphasizes in his report that these factors have offset previous oversupply concerns, highlighting energy's renewed role as a macro risk driver.
Brent crude surpasses $70 per barrel
"Brent crude has pushed above $70/barrel for the first time since September, as rising tensions with Iran and broader geopolitical risks offset prior oversupply concerns. This reinforces energy’s renewed role as a macro risk driver."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prediction platform Polymarket recently launched a new feature that lets users bet on cryptocurrency price movements every five minutes.The event signals rising demand for real-time crypto sentiment d
Solana (SOL) price enters April 2026 under pressure. March is closing at roughly -0.88%, extending a red streak that now stretches six consecutive months since October 2025.A head-and-shoulders breakd
April 2026 brings a fresh set of meme coins to watch as technical setups, derivatives shifts, and concentrated wallet structures create potential turning points across multiple tokens.BeInCrypto analy
NVIDIA (NVDA) stock price surged roughly 8% between March 30 and April 1, reclaiming $175.75 after weeks of selling pressure.The rally had clear catalysts. However, underneath the optimism, institutio
Iran sets $1 a barrel Hormuz oil passage toll payable in yuan or stablecoinsIran is putting a price on passage through the Strait of Hormuz, with a new toll system that starts oil tankers at about $1 per barrel and asks for payment in yuan or stablecoins. The first step came when Iran’s National Security Committee approved a bill to charge ships using the route, Fars reported, citing […]
Iran is putting a price on passage through the Strait of Hormuz, with a new toll system that starts oil tankers at about $1 per barrel and asks for payment in yuan or stablecoins. The first step came when Iran’s National Security Committee approved a bill to charge ships using the route, Fars reported, citing […]
Related Instrument
