---
symbol: "BRENTOIL"
name: "Brent Crude Oil"
date: 2026-08-13
change_pct: -2.041884221183271
direction: "down"
event_type: "geopolitical"
url: "https://perplo.app/why/BRENTOIL/2026-08-13"
updated_at: 2026-08-13T01:06:49.035Z
---

# Why Brent Crude Oil (BRENTOIL) fell 2.04% on August 13, 2026

Brent Crude Oil (BRENTOIL) fell 2.04% on August 13, 2026 — Hormuz control talk tightens Gulf crude supply.

## What happened

Trump stated the US has 'total control' over the Strait of Hormuz, a statement directly addressing Middle East supply-risk premiums embedded in crude pricing.

## Why it moved

Credible U.S. commitment to secure the Hormuz waterway—a chokepoint for ~21% of global seaborne crude—de-risks the supply-shock premium that had lifted Brent over the past months, allowing prices to compress toward…

## Why it matters

This move reflects a turning in the Oil & Geopolitics narrative: Red Sea and Hormuz premiums have been priced into crude for months, but today's de-escalation signal from the U.S.

## What would break the thesis

If shipping insurers, tanker operators, or Gulf producers report renewed attacks or disruption, the Hormuz safety claim loses credibility and risk premiums snap back into crude.

## Sources

- [Trump says US has 'total control' over Strait of Hormuz - Reuters](https://news.google.com/rss/articles/CBMilwFBVV95cUxOS2o4cWFmWUZQNXN2WUhmYU1GVFpxdk9WM3d1YzhtS3lkQVpFdUoyNjJZMG9oSXpRNkk2VXM3X2FlTXp2T2V2VldGR3dBMGczQ0JQQkM2YjJTT2VkRkFBMVpOamlFNTBocGtvR2ZJUWJ2TnRtYVhnTVMzM1RkRks0MzV0MFQ5RWxrdmlTZThMUXh1emcycXdz?oc=5) — Reuters
- [Hormuz closure squeezes global economy as oil demand destruction intensifies, IEA says](https://www.cnbc.com/2026/08/12/iea-oil-demand-hormuz.html) — CNBC
- [Gulf states quietly by-pass choke points as Hormuz risk lingers, Saudi Oman deal fits pattern](https://investinglive.com/commodities/gulf-states-quietly-by-pass-choke-points-as-hormuz-risk-lingers-saudi-oman-deal-fits-pattern/) — ForexLive

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