Wednesday Morning Oil SitRep

Professor of Public Affairs and Economics at the University of Wisconsin • Jul 29, 2026 at 11:10 AM EDT

Brent crude futures returned to $90 as transit estimates through the Bab el Mandeb and Strait of Hormuz drop.

Brent front month future back to $90, as SoH reopening down, Bab el Mandeb traffic estimates down … a bit before 8 am CT.

By October 1st odds.

Note that refined petroleum prices were already rising, as of yesterday:

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