Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says

Hormuz Shock "Manifesting Itself In Cracks, Not Crude," Jefferies Says Brent crude futures held near recent highs of $90 a barrel before fading to around $87 early Thursday morning, as traders awaited progress toward reopening the Strait of Hormuz. Stalled US-Iran negotiations and tightening global fuel supplies continued to support prices and concern some top energy experts, who warn of a looming supply shock.  US-Iran talks remain deadlocked to end the week as the Trump admini...

By Tyler Durden