Oil risk premium returns below USD 80 Brent

AP reported Brent near USD 78.66 after briefly topping USD 80, while Trading Economics showed Brent around USD 78.65 on July 9 and U.S. gasoline pressure back in focus. The market is pricing renewed Hormuz risk without returning to the spring panic levels.

Why this matters. Prices are no longer the clean relief signal they were after the MOU: the next watchpoint is whether tanker traffic and insurance comfort recover before pump prices absorb the latest strike cycle.