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What’s worse than one Strait being under attack…?

Brent targets $100 as Houthis declare naval blockade on Saudi Arabia; Asia refined products rally substantially; gasoil cracks breach $70
Published: July 23, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
,
Martha Dowding

Martha Dowding

Research Associate, Flux
Martha Dowding
and
Donna Dong

Donna Dong

Research Analyst, Flux
Donna Dong
16 page report
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The US has concluded its twelfth night of strikes on Iran. As in Twelfth Night, this all starts with a shipwreck, with attacks on the Strait (of Hormuz, now we need to clarify) restarting this weekend.

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Our reports are now part of The Officials, and available exclusively on the Flux platform. Existing customers can Login to Flux to access them, or you can visit The Officials to sign up for free trial access.

Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

Martha Dowding

Research Associate, Flux
Martha Dowding

Donna Dong

Research Analyst, Flux
Donna Dong

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