Oil tops $106/barrel as Strait of Hormuz blockade enters third week. 🛢️📈
Brent crude surged past $106 after US strikes on Iran's Kharg Island oil hub, with threats of further attacks on energy infrastructure .
Key developments:
• IEA emergency reserve release: 388M barrels (largest in history)
• Strait of Hormuz: ~20% of global oil flows blocked
• Kharg Island: Handles 90%+ of Iran's crude exports — now a target
Market impact: Energy crisis deepening, inflation fears rising, risk assets under pressure.
Your move? 👀
#oil #StraitOfHormuz #markets #crypto
Brent crude surged past $106 after US strikes on Iran's Kharg Island oil hub, with threats of further attacks on energy infrastructure .
Key developments:
• IEA emergency reserve release: 388M barrels (largest in history)
• Strait of Hormuz: ~20% of global oil flows blocked
• Kharg Island: Handles 90%+ of Iran's crude exports — now a target
Market impact: Energy crisis deepening, inflation fears rising, risk assets under pressure.
Your move? 👀
#oil #StraitOfHormuz #markets #crypto