Oil's war premium sits $20 above JPMorgan fair value, analysts warn
Brent is trading roughly $20 above JPMorgan's fair value estimate, and BMI expects a steep sell-off once a Hormuz deal is reached.
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Brent is trading roughly $20 above JPMorgan's fair value estimate, and BMI expects a steep sell-off once a Hormuz deal is reached.
Brent fell 0.55% to $101.69 and WTI dropped 1.04% to $90.16 after G7 nations agreed to tap 100 million barrels of emergency reserves.
Morgan Stanley warns a US ban on diesel exports could lift gasoline prices, with Goldman Sachs issuing a similar caution as the White House weighs curbs.
US markets declined as disappointing tech earnings and rising oil prices weighed on investor sentiment.

Bitcoin fell under $65,000 as Brent crude topped $100 and Treasury yields climbed amid geopolitical tensions.

BTC fell to $64,980 as Brent crude jumped 7% amid geopolitical risks following tanker attacks.
Brent crude hits $90 amid escalating Iran war, raising Fed rate hike expectations and pressuring Bitcoin.

Bitcoin reclaimed $65,000 as oil prices fell, but a strong dollar and rising yields limit upside.
Iran's military command shuts Strait of Hormuz, citing U.S. and Israel violations of a recent agreement.
Brent crude hovers near $79 despite the reopening of the key shipping route, as supply concerns persist.
Oil plunges 33% and Dow hits record after Trump Iran deal, but Bitcoin retreats as Fed dashes rate cut hopes.
Trump's Iran ceasefire agreement reopens the Strait of Hormuz but postpones resolution of enrichment and missile issues.
US launches strikes on Iran after Apache helicopter incident, triggering volatility in Bitcoin, gold, and oil.

BTC retreated from overnight highs as geopolitical risks weighed on risk assets and pushed oil prices higher.

Bitcoin and other major digital assets retreated from overnight highs as geopolitical tensions lifted oil prices.

Bitcoin and altcoins retreated as a 3% oil jump fueled by Middle East tensions dampened risk appetite.