WS #16369
Brent Crude has broken the $114 barrier, marking the highest level since May 5th, as Houthi forces strike Saudi oil infrastructure and disrupt tanker traffic in the Strait of Hormuz. This supply shock is driving a massive rotation into energy stocks while punishing airlines and shipping companies due to soaring fuel costs. OPEC+ has maintained production targets, refusing to offset the supply loss, which amplifies the market's fear of a prolonged disruption.
Strait of Hormuz Oil Shock
Brent Crude has broken the $114 barrier, marking the highest level since May 5th, as Houthi forces strike Saudi oil infrastructure and disrupt tanker traffic in the Strait of Hormuz. This supply shock is driving a massive rotation into energy stocks while punishing airlines and shipping companies due to soaring fuel costs. OPEC+ has maintained production targets, refusing to offset the supply loss, which amplifies the market's fear of a prolonged disruption.