WS #14988
Brent crude has surged past $108 a barrel after President Trump rejected Iran's offer to reopen the Strait of Hormuz within seven days. Although U.S. Central Command noted that 1 billion barrels of non-Iranian oil have safely transited the strait recently, the market is pricing in a severe supply disruption risk. This escalation is driving a broad macro sell-off, lifting energy equities while pressuring airlines, shipping, and consumer discretionary sectors.
Geopolitical Energy Shock
Brent crude has surged past $108 a barrel after President Trump rejected Iran's offer to reopen the Strait of Hormuz within seven days. Although U.S. Central Command noted that 1 billion barrels of non-Iranian oil have safely transited the strait recently, the market is pricing in a severe supply disruption risk. This escalation is driving a broad macro sell-off, lifting energy equities while pressuring airlines, shipping, and consumer discretionary sectors.