Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the Stakes
Hormuz traffic remains near a standstill as Trump’s ‘Economic D-Day’ campaign pushes Brent closer to $100. Friday, August 21, 2026 Transits through the Strait of Hormuz have been in single digits the entire week, with Trump’s announcement of an ‘Economic D-Day’ campaign against Iran increasing geopo
Source: OilPrice.com
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DW NOTE
Trump declared today "Economic D-Day" as Brent approaches $100 — a designation that would mean more if the Strait of Hormuz weren't already closed and supply wasn't already down 4.3 million barrels per day. The rally isn't speculative risk; it's a repricing toward the actual cost of moving crude when a fifth of global oil transit is offline and the US-Iran ceasefire has been dead for two weeks.