{
  "id": 4586575,
  "title": "Brent: Hormuz tensions keep prices supported above $90 - ING",
  "url": "https://urgent.news/2026/08/31/brent-hormuz-tensions-keep-prices-supported-above-90-ing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T06:38:04.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/brent-hormuz-tensions-keep-prices-supported-above-90-ing-202608310638"
  },
  "original_language": "en",
  "account": "ING analysts Warren Patterson and Ewa Manthey report that oil prices, including ICE Brent, began the week stronger due to concerns over Persian Gulf supply after US strikes on Iran. The Strait of Hormuz's flow and Russia's extended diesel export ban are key factors supporting the oil market. Oil started the week above US$90/bbl after the first US-Iran military strikes in a month, with ICE Brent momentarily surpassing this level in early Asia trading. The main concern is whether further strikes will occur and if shippers will hesitate to navigate the Strait of Hormuz. Oil producers have become more comfortable sending crude through the critical chokepoint in recent weeks, with 6-8 million barrels per day transiting the strait, although an average of 5 million b/d is assumed. Russia's extension of its diesel export ban until the end of September 2026 will add to global supply stress. The market is moving toward stronger demand.",
  "summary": "ING analysts Warren Patterson and Ewa Manthey note that oil prices, including ICE Brent, started the week stronger after US strikes on Iran raised concerns over Persian Gulf supply.",
  "key_points": [
    "Tensions in Hormuz keep oil prices above $90/bbl",
    "US strikes on Iran raise supply concerns",
    "Russia's diesel export ban until September 2026 adds stress"
  ],
  "editors_take": "Tensions in the Persian Gulf and Russia's extended diesel export ban are sustaining oil prices above $90, as market concerns focus on potential supply disruptions and increased demand.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}