WS #16152
Brent crude is trading near $110.66, a five-month high, as traders treat disruptions around the Strait of Hormuz as a persistent problem rather than a temporary shock. This is compounded by reports of a Russian attack on an energy facility in Ukraine's Lviv region. The oil spike creates a clear sectoral split: energy stocks are rallying on supply fears, while airlines, shipping, and consumer discretionary faces margin compression from higher input costs.
Middle East & Energy Shock
Brent crude is trading near $110.66, a five-month high, as traders treat disruptions around the Strait of Hormuz as a persistent problem rather than a temporary shock. This is compounded by reports of a Russian attack on an energy facility in Ukraine's Lviv region. The oil spike creates a clear sectoral split: energy stocks are rallying on supply fears, while airlines, shipping, and consumer discretionary faces margin compression from higher input costs.