Brent rebounds to fresh session highs above $77 as US stocks struggle on the opening

The US stock markets have not long ago reopened and it has been a bit of struggle for the three main indexes in early trading. The main and rather obvious reason for that is yet more news emerging from the conflict between Israel and Iran. That news has also sent oil prices higher again and the price of Brent crude for August delivery just hit a fresh session high above $77.40. That is also the highest level for Brent crude in a good long while. However, and as noted before the price action remains incredibly fluid. So, as to endorse that, we can see the price just reversed below $77 in the blink of an eye. Updates will now be on hold this afternoon, but will resume ahead of the Fed policy decision this evening. Brent for August delivery is right now at $76.87