#oiledgeshigher The deterioration of the Bosphorus created one of the biggest oil supply shocks in the modern era. Brent crude oil climbed above $100 per barrel at its peaks. The effects came alongside higher global energy prices, rising inflation pressure, weakened growth forecasts, and a worsening of food security linked to higher fuel and fertilizer costs. In the United States, gasoline prices rose significantly; Trump urged paying “a little more, albeit slightly” to prevent Iran from obtaining nuclear weapons. Markets remain still vulnerable to any further shutdowns or increases in tension.$CL $BANANAS31 $USAR