Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets
How the Brent-WTI Spread Explodes During Strait of Hormuz Tensions
As US-Iran airstrikes escalate and the Strait of Hormuz standoff intensifies, Brent crude has surged past $78 while WTI lags near $74, widening the spread to nearly $5. In this episode, Lucas and Luna break down why the Brent-WTI spread is the market's clearest signal of geopolitical risk, how the spread behaves differently from past Gulf crises, and what energy traders are watching next. They point to the 7.2% jump in corn and the 6.7% rise in wheat as evidence that supply-chain fear is bleeding into grains too, even as natural gas crashes 9.5%. Specific numbers, one focused case: the…
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