06/08/2026
Hormuz Intelligence Daily Briefing — June 8, 2026
• Brent crude rose 3.2% today to $108.50 per barrel following confirmation of the Strait of Hormuz closure.
• War risk insurance premiums surged to 2.0% of hull value, effectively halting commercial chartering.
• Maersk and MSC suspended all bookings for Persian Gulf ports, declaring force majeure on affected shipments.
• Port of Singapore vessel queues rose 15%, with over 55 container ships waiting as carriers bypass the Gulf.
• Overland rail inquiries along the China-Europe Land Bridge experienced a 25% daily increase.
• Gold prices rose 1.2% today to $2,420.50 per ounce, reflecting heightened safe-haven asset demand.
• European industrial polymer prices rose 8.5% overnight due to anticipated shortages of Gulf chemical feedstocks.
• GCC sovereign credit default swap spreads widened by an average of 18 basis points amid rising risk.
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