#USMilitaryToBlockadeStraitOfHormuz Oil Market Chaos & Gas Prices
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⛽ Oil Spikes to $104 as Hormuz Blockade Bites
The blockade has crippled the Strait of Hormuz, a chokepoint for roughly 20% of global oil supply. Here is the immediate impact:
• Brent Crude: Spiked to $104/bbl before settling near $95-$100.
• Gas Prices: US avg $4.15/gal; Diesel $5.68/gal.
• Jet Fuel: European prices soared above $200/bbl.
This supply shock is feeding inflation fears globally.
#USMilitaryToBlockadeStraitOfHormuz #OilPrice $DL
DL
Alpha
0.001853
-0.02%
DN
Alpha
0.095448
-3.23%
#WTI #Brent #Inflation