Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why the Kuwait Airspace Closure Spikes Oil Above 95
On June 11, 2026, Brent crude sits at $97.50 and WTI at $95, driven by the Kuwait airspace closure and escalating Iran conflict. Lucas and Luna break down why this geopolitical risk is different from past spikes, focusing on the chokepoint at the Strait of Hormuz and how oil markets are pricing in a 'long grind' rather than a quick resolution. They discuss the 10-year breakeven inflation rate hitting 2.34 percent, what it means for the Fed, and why energy stocks like Exxon and Chevron are holding steady while clean energy ETFs like ICLN lag. A specific, data-anchored look at the…
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