Crude Oil
June 12, 2026
Volatility becomes new normal across commodity markets amid Middle East war
HIGHLIGHTS
Volatility defines commodity markets now
Crude, products, shipping face high prices
Strait of Hormuz disrupts oil transportation
Since the start of the war in the Middle East, volatility has become the defining feature of commodity markets. From crude to refined products to shipping, markets are feeling the impact of record-high prices and disrupted logistics. With crude barrels and ships stuck in the Strait of Hormuz and facilities impacted by military activity, the road ahead remains uncertain.
Related content:
Platts Dated Brent assessed at $144.42/b, highest on record
Stalled at the Strait: Middle East oil recovery faces long road back
