Brent crude settled 9.6% higher after the U.S. reinstated a full blockade on Iranian oil exports, removing roughly 1.4 million barrels a day of supply from the market.
Alpha Score of 51 reflects moderate overall profile with strong momentum, poor value, moderate quality, moderate sentiment.
ICE Brent crude settled 9.6% higher yesterday, back above $83 a barrel, after the U.S. reinstated a full blockade on Iranian oil exports. The move reverses the sanctions waivers that had allowed roughly 1.5 million barrels a day of Iranian crude to reach buyers in Asia, mostly China, over the past 18 months.
The blockade covers all Iranian crude, condensate, and petrochemical shipments. Tanker-tracking data from the week before the announcement showed Iranian exports running near 1.4 million barrels a day, down from a peak of 1.8 million in mid-2024 but still enough to keep global supply loose. Traders said the immediate effect would be a tighter physical market, with buyers in China and Turkey now needing to replace roughly 1 million barrels a day of supply.
The jump in Brent was the largest single-day gain since the initial invasion of Ukraine in 2022. The prompt spread widened to $1.20 a barrel, up from 45 cents the prior session, signaling a market that expects the supply loss to be sustained.
ICE's Alpha Score sits at 36 out of 100, a Mixed label, reflecting the exchange's exposure to a volatile energy complex that is now pricing in a tighter supply regime.```json {
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