Oil Crashed Below One Hundred Dollars and the Market Is Calling the War's Bluff
Brent crashed through $100 for the first time since escalation but the Strait of Hormuz is still closed, so someone is wrong.
The news. The narrative. The timeline.
Bureau: Brussels
Brent crashed through $100 for the first time since escalation but the Strait of Hormuz is still closed, so someone is wrong.
NATO Secretary General Mark Rutte backed US strikes on Iran and urged allies to fall in line, opening a rift with European capitals who were never consulted.
Saudi Arabia opened King Fahd Air Base to U.S. forces and the UAE began targeting Iranian financial networks — the clearest steps yet toward direct participation.
Dow futures jumped 317 points and Asian markets rallied on reports of a 15-point peace plan — but Iran has not confirmed receiving it and the plan's details remain unverified.
Seven transmission lines remain down in Kuwait two days after Iranian drone strikes damaged the national power grid.
The European Union issued a statement calling Iran's rejection of talks 'dangerous brinkmanship' and demanding immediate negotiations.
Bitcoin fell to approximately $68,425 on the CME, continuing a slide driven by war-related risk aversion and Fed uncertainty.