Brent Crude Surges Past $82 as Hormuz Crisis Enters Day Four

Oil Markets React to Worst Maritime Security Crisis in Decades

Brent crude oil futures surged past $82 per barrel on Monday as the Strait of Hormuz crisis entered its fourth day with no signs of de-escalation, marking the sharpest sustained increase in energy prices since the initial Houthi attacks on Red Sea shipping in late 2023. The benchmark crude co…