Global Oil Shock Tightens Grip as Hormuz Disrupts Flows

Brent and WTI surge above $100 as the Strait of Hormuz remains severely disrupted, leaving millions of barrels stranded and pushing global energy costs higher; the supply squeeze risks lasting economic pain for energy‑importing countries and industries like airlines, despite some U.S. insurance/escort discussions and limited sanctions relief for Russian crude, with China’s sizable reserves offering only partial buffering.