Markets · Commodity markets, August 27

Geopolitical risk drove gains across the board today

Thursday, August 27, 2026. From GEO's evening brief, after the close.

Crude led as Iran set conditions for reopening the Strait of Hormuz, with Brent up 2.12% to $89.70/bbl and WTI up 1.58% to $83.53/bbl. Wheat rose 1.68% to 742.75¢/bu as Ukrainian deep-sea loadings stayed frozen. Silver added 2.07% to $69.43/oz.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.