Brent Could Hit $100 as Hormuz Crisis Flares Again ...Middle East

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Brent Could Hit $100 as Hormuz Crisis Flares Again
Hormuz tensions are flaring again as Iranian exports collapse, pushing Brent toward $87 and raising the risk of another run toward $100. China’s Crude Drawdown Puts Iranian Barrels Back in Demand - Shrinking crude inventories in China might spur a buying spree over the upcoming weeks, particularly for Russian and Iranian crude, buoyed by a record-high July stock draw in Shandong.    - Chinese teapots are expected to boost their purchases of Iranian oil in the upcoming days as stockpiles in the northeastern Shandong province…

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