# [24H] Brent Likely to Spike Above Short-Term Resistance as Hormuz and Red Sea Threats Converge

*Issued Thursday, July 23, 2026 at 11:02 PM UTC — Hamer Intelligence Services Desk*

**Issued**: 2026-07-23T23:02:44.440Z (4h ago)
**Expires**: 2026-07-24T23:02:44.440Z (20h from now)
**Category**: ECONOMIC | **Confidence**: 85% | **Impact**: CRITICAL
**Risk Direction**: volatile
**Affected Regions**: Global Energy Markets, Middle East, Europe, Asia-Pacific Importers
**Affected Assets**: Brent Crude, WTI Crude, Tanker and LNG Shipping Equities, Gulf Sovereign CDS, Energy-Heavy Equity Indices (FTSE 100, TSX)
**Permalink**: https://hamerintel.com/data/forecasts/18272.md
**Source**: https://hamerintel.com/forecasts

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## Prediction

Brent crude prices are likely to break above recent resistance levels in the next 24 hours as traders price in simultaneous risks in the Strait of Hormuz and the Red Sea. Aramco’s rerouting via Egypt, Iranian missile launches near Hormuz, and renewed Houthi attacks will reinforce a narrative of multi-chokepoint vulnerability. Even without an immediate physical supply loss, forward curves are likely to steepen and options volatility to jump. Confirmation would be Brent moving sharply higher with increased open interest in call options; denial would be a rapid diplomatic signal combined with concrete naval protection measures calming shipping insurers.

## Drivers

- Iran firing anti-ship missiles toward Hormuz and declaring it closed
- Aramco diverting crude to Egyptian routes, avoiding Bab al-Mandeb
- Resumed Houthi attacks on Red Sea shipping