Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the Stakes
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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 geopolitical risk premia in the markets.
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Original source: OilPrice.com