Oil rallies on dual-front war - Oil & Gas Journal
Oil rallies on dual-front war - Oil & Gas Journal
Source: Oil & Gas Journal
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DW NOTE
The Journal calls it a rally on two fronts. Brent is at $111 and WTI at $103 — both down from their 2026 highs despite the Strait of Hormuz running at 4% of normal traffic for six days. Gold, the supposed crisis hedge, is off 25% from January. Markets price geopolitical theater, not geopolitical risk.