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#OilPricesSurge ⚡️
Global energy markets are in chaos after recent U.S. and Israeli military strikes on Iran. The impact on oil supply is immediate and severe:
Brent crude jumped from $70 → $90 per barrel in days, highest since 2023.
WTI crude surged over 8.6% in a single session.
Strait of Hormuz, a critical oil passage, saw daily tanker traffic drop from 24 → 4 vessels.
Consequences are spreading fast:
U.S. gasoline prices rose from $2.98 → $3.32/gallon in just five days.
European natural gas surged 20% in 48 hours.
Analysts warn that prolonged disruption could push oil above $100/barrel.
Markets are reacting: equity indexes fall, airline & shipping stocks hit hardest, and inflation expectations climb.
The world still has stockpiles, but if the Strait of Hormuz remains closed, the economic fallout could be severe.
📊 Energy markets are bracing for what could be a short spike—or a prolonged shock that reshapes 2026.