Event Brief
UPDATED Jul 15, 2026 at 12:08 PM ET
Jul 13, 2026 at 12:07 PM ET
Hormuz strikes push Brent crude near $79, lifting fuel costs in Latin America
By The BriefBrief
Fresh strikes near Hormuz are keeping Brent crude near $79, raising fuel inflation and subsidy pressures in Latin America.
WHO: Brent crude market
WHAT: Brent crude stays near US$79 amid fresh Hormuz strikes, affecting Latin America’s fuel prices and subsidies
WHEN: Jul 13, 2026 at 11:05 AM ET
WHERE: Latin America
WHY: Fresh strikes near Hormuz are driving Brent crude prices higher, which feeds into fuel inflation and subsidy crises in Latin America.
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