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strikeAug 13, 2026

Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says

Summary

Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says Brent crude futures held near recent highs of $90 a barrel before fading to around $87 early Thursday morning, as traders awaited progress toward reopening the Strait of Hormuz.

Source: Tyler Durden — Read the full report

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  • Tyler DurdenBy Tyler Durden

    Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says Brent crude futures held near recent highs of $90 a barrel before fading to around $87 early Thursday morning, as traders awaited progress toward reopening the Strait of Hormuz. Stalled US-Iran ne…

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strikeUnverifiedUSIran
○ 1 source

President Trump told reporters on Friday that the U.S. military carried out limited strikes on targets in Iran, including an anti-aircraft device. These actions followed reports of explosions on Qeshm Island, Hengam Island, and the mainland area of Bandar Abbas.

The strikes mark the first U.S. military action since the midterm elections.

Location: Iran