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Breaking the ceiling

The highest Brent since 2022 folks!
Published: 29 April 2026
Written by:
Will Cunliffe

Will Cunliffe

Research Analyst, The Officials
Will Cunliffe
,
Edward Hayden-Briffett

Edward Hayden-Briffett

Research Analyst, The Officials
Edward Hayden-Briffett
and
Spyridon Kokas

Spyridon Kokas

Research Analyst, The Officials
Spyridon Kokas
Reviewed by:
Jorge Montepeque

Jorge Montepeque

Head of Benchmarking, The Officials
Jorge Montepeque
Edition: Euro EditionVolume: 3Issue: 82
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The highest Brent since 2022 folks!

No talking down today! The bearish rhetoric we’ve become accustomed to didn’t come up today and prices were surging as a result. June Brent futures even surged to the highest since 2022 above $119.50/bbl as Axios reported that Trump considers military action if Iran doesn’t act and then seconds later Trump reportedly rejected Iran’s offer to reopen the Strait Now that Trump’s positioning for the long game, the market is pricing much longer disruption!

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About Euro Edition

Benchmark reports published at the close of the trading day in London.

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