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Shipping Freeze Deepens in Strait of Hormuz: The $120 Brent Threshold

Strait of Hormuz

Shipping Freeze Deepens in Strait of Hormuz: The $120 Brent Threshold

The Strait of Hormuz has entered a state of total shipping paralysis. As the U.S. launches 'Project Freedom' and Iran demands illegal tolls, the energy market is bracing for $120 Brent crude.

By Jeff Gaston 05 May 2026
Oil Surges as Middle East Attacks Hit Strategic Fujairah Hub

Oil Prices

Oil Surges as Middle East Attacks Hit Strategic Fujairah Hub

Global oil benchmarks are soaring after coordinated attacks on the Fujairah Oil Industry Zone and a blockade of the Strait of Hormuz. With the U.S. launching 'Project Freedom' and the UAE exiting OPEC, the energy market is entering its most volatile period in decades.

By Jeff Gaston 05 May 2026
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This is Fox Energy Newsletter, a brand new site by Jeff Gaston that's just getting started. Things will be up and running here shortly, but you can subscribe in the meantime if you'd like to stay up to date and receive emails when new content is

By Jeff Gaston 04 May 2026
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