After Ormuz, the Panama Canal under pressure: Brent could reach 190 dollars a barrel

A tanker explosion occurred at the oil terminal near the Bridge of the Americas in Panama City on April 6, 2026, leading to the temporary closure of the bridge and resulting in one death and four injuries. The Panama Canal, which has become crucial since the start of the Iran-US conflict, sees Brent prices reaching 110 dollars a barrel, with forecasts potentially hitting 190 dollars if the Strait of Hormuz remains closed. OPEC+ decided to increase production quotas for May, but the impact will depend on the ability to transport exports.