Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
Why Brent Crude Holds Above $90 Despite Iran Strikes
On June 11, 2026, with US strikes against Iran rattling global markets, Brent crude hovers at around $93 a barrel. Lucas and Luna dig into why oil prices haven't spiked as they might have in past Middle East conflicts. They examine the 5-day flatness in crude, the disconnect with gold's sharp drop, and how spare capacity and shifting trade flows are muting the war premium. Plus, why energy stocks like Exxon and Chevron remain surprisingly stable. A calm look at what the oil market is — and isn't — pricing in during a real geopolitical crisis.
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The skinny
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