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Craig Shapiro: Middle East supply threats drive WTI above $95 ahead of June 2026 CPI data
Craig Shapiro highlights rising market concerns about simultaneous closure threats at the Strait of Hormuz and Bab el-Mandeb, noting their significant impact on the energy sector.
WTI crude has moved above $95, in part due to these supply-side risks, with the resulting energy price increase expected to feed into Wednesday's consumer price index, which is anticipated at 4.2% in June 2026.
Shapiro has recently tracked other market shifts, including a session where the U.S. dollar advanced as gold, silver, bitcoin, and copper declined. Earlier, he identified a revenue guidance miss at Broadcom as a key repricing signal for the AI sector. These observations add to his ongoing coverage of sector-specific risks and price movements.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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