Brent trades above $89 on sixth day of gains
Trump’s claim of total control over Hormuz has not been matched by tanker flows, with transit falling to a one-week low.
The gap between Washington’s rhetoric and physical shipping data is widening, keeping a geopolitical risk premium embedded in Brent.
July US CPI matched forecasts at 0.1% monthly and 3.4% annually, paring back September hike bets.
Equities are mainly reading the inflation print as a green light, with the S&P 500, Nasdaq, and Dow record levels supporting the market.