Brent Rises to $119.94 as Iran Port Blockade Keeps Oil Supply Stuck
Brent hit $119.94 a barrel and WTI reached $107.51 as traders priced in a longer Gulf supply outage.

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Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Brent hit $119.94 a barrel and WTI reached $107.51 as traders priced in a longer Gulf supply outage.
The Fed wants to see the full impact of the oil and tariff shocks before considering rate cuts.
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