INSIGHTS · GEOPOLITICS

The War in Iran

Day 119 June 26, 2026 · 18:00 ET Active Conflict The War in Iran The Hormuz evacuation is PAUSED after an Iran-blamed tanker attack in the Gulf of Oman; ships turn back as the IRGC enforces its own route (Azumasan, Blue Star I U-turn Jun-25) and a UK/French-led demining force begins arriving. Brent holds its lows — $73.74 (Jun-24 settle, pre-war low); a mild Jun-25 rebound to ~$74.4 (Jun-26* Friday, no settle). The next technical round is firmed for Switzerland Jun-30. Scenarios hold 45/35/12/8.