Published Jul 20, 2026, 3:42 AM ET · Updated 4 months ago · 1 source

Escalating Middle East tensions are driving Brent crude prices higher, negatively impacting growth and equities.

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Original Report

Escalating tensions, including the closure of the Street of Hormuz and targeting of oil infrastructure, are driving Brent crude prices higher, currently trading near $90.70, which is seen as a negative for growth and equities.