WS #14967
Brent crude has surged past $107 and WTI exceeded $94 following the US rejection of an Iranian deal to reopen the Strait of Hormuz. The disruption is intensifying, with Qatar extending LNG force majeure and Ukrainian drone strikes hitting Russian oil depots, further constraining global supply. This escalation is driving a classic energy inflation trade: long energy and refiners, short airlines and shipping.
Hormuz Crisis and Energy Shock
Brent crude has surged past $107 and WTI exceeded $94 following the US rejection of an Iranian deal to reopen the Strait of Hormuz. The disruption is intensifying, with Qatar extending LNG force majeure and Ukrainian drone strikes hitting Russian oil depots, further constraining global supply. This escalation is driving a classic energy inflation trade: long energy and refiners, short airlines and shipping.