Flux Markets | Prices Going Strait Up Skip to main content

Prices Going Strait Up

Hormuz closure halts tanker traffic, strands vessels, and disrupts Asian refineries as freight spikes and crude pools in Europe.
Published: March 5, 2026
Written by:
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
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

After a week of holding our breath, there were decisive strikes by the US and Israel on Iran this weekend, and escalation followed.

Premium Content

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

Written by

Martha Dowding

Research Associate, Flux
Martha Dowding

Donna Dong

Research Analyst, Flux
Donna Dong

More News

Hedge Fund Net Shorts on Brent Up to $18Bn, Trump Announces Nuclear Loans

Fed hike odds rise, stocks slide, dollar surges. Micron leads AI rally as nuclear investment and housing show strength.

Bearish Tides in the North Sea

The market has slowed down, with players largely reluctant to put on plays amid immense geopolitical uncertainty....

Brent Declines as Tehran Refutes Vance’s Nuclear Inspector Claim

Brent slips below $77 as Iran rejects inspections; India boosts US LPG imports while Chinese refiners eye Iranian crude.

It’s Almost Too Quiet In Here…

Dubai stayed rangebound as EFS buying offset selling; contango and short pressure support upside in Brent/Dubai.