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Oil prices remain sensitive to geopolitical tensions, supply risks and developments around the Strait of Hormuz. Here’s why Brent crude is volatile in 2026 and what disruptions could mean for inflation, energy markets and the global economy.
Donald Trump announced that the Strait of Hormuz is expected to be fully reopened by Friday following a reported US-Iran agreement. The development could restore normal shipping activity through one of the world's most important oil transit routes and influence global energy markets.
