Flux Markets | Open Hormuz, Close Hormuz Skip to main content

Open Hormuz, Close Hormuz

Renewed US-Iran hostilities lift front Dubai spreads out of contango; selling flows focused in Q4 Brent/Dubai
Published: July 14, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
and
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
Share

As Carl von Clausewitz, the renowned military strategist, famously said, "War is the continuation of politics by other means." Indeed, the pent-up resentment and frustration in relation to the recently signed memorandum of understanding...

Premium Content

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

Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Martha Dowding

Research Associate, Flux
Martha Dowding

Related News

Feeling The Pressure

Dated Brent stays under pressure as buy-side remains absent. CFDs sold heavily, while paper rallies faded after short covering.

Brent rallies to $86.90

US-Iran conflict escalates with fresh strikes, shipping attacks and Hormuz blockade; OPEC cuts 2026 demand outlook, Venezuela output steady.

Reversals (almost) all around!

Bullish strength and momentum in all but RBOB
9 page report

Brent Rises As Trump Reinstates Blockade

Brent rises as US-Iran tensions escalate. OPEC cuts 2026 demand outlook, while Nigeria output and global fuel security efforts grow.