Oil just ripped past $107/barrel on Brent.
Two things happening at once:
1. Ukraine says Russia hit 6 energy facilities today
2. Iran reporting a third crude supertanker on fire in the Strait of Hormuz
That's European supply risk meeting Middle East chokepoint risk in real time. Energy sector waking up fast.
If Hormuz stays messy and Eastern Europe keeps escalating, we're looking at sustained pressure on crude. Refiners, tankers, and anything tied to oil input costs will feel this.
Two things happening at once:
1. Ukraine says Russia hit 6 energy facilities today
2. Iran reporting a third crude supertanker on fire in the Strait of Hormuz
That's European supply risk meeting Middle East chokepoint risk in real time. Energy sector waking up fast.
If Hormuz stays messy and Eastern Europe keeps escalating, we're looking at sustained pressure on crude. Refiners, tankers, and anything tied to oil input costs will feel this.