Flux Markets | Climbing the (Escalation) Ladder Skip to main content

Climbing the (Escalation) Ladder

Hormuz risks drive oil volatility as Iran escalates attacks, LNG hit, supply fears rise, and WTI/Brent spread widens.
Published: March 19, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Mita Chaturvedi

Mita Chaturvedi

Research Associate, Flux
Mita Chaturvedi
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
Reviewed by:
Giovanni Simonetti

Giovanni Simonetti

Junior Data Analyst, Flux
Giovanni Simonetti
16 page report
Share

As the old saying goes, there are decades where nothing happens, and there are weeks where decades happen. Well, such decades are happening within weeks, with the perennial hypothetical of the Strait of Hormuz closure acting out in real time.

Premium Content

To continue reading this page, please login or find our about our subscription options.

More News

Brent gaps down below $100/bbl

Over the weekend, US President Donald Trump said that Washington and Tehran has "largely negotiated" an understanding on a peace deal...
4 page report

Bearish Buildup

Brent speculative shorts rise for seven consecutive weeks on increasing optimism for Strait reopening; shorts rise across refined products
13 page report

Brent Softens below $104/bbl

Meanwhile, in the US, the American Automobile Association expects a record 39.1 million people to travel by car over the upcoming....
4 page report

Brent Rebounds To $106/bbl

Brent rebounds to $106/bbl but on track for weekly decline; Middle East countries formally reject Iran's Hormuz toll system
4 page report