Brent Crude Surges Above $92 After Tankers Are Struck in Strait of Hormuz

Brent crude oil has surged above $92 per barrel after two oil tankers were struck in the Strait of Hormuz.
The incident has sharply increased geopolitical risk across energy markets and renewed concerns about potential disruptions to global oil flows.
The Strait of Hormuz is one of the world’s most important energy transit routes, making any escalation in the region immediately relevant for crude supply expectations.
Markets are also beginning to price in another potential wave of inflation.
Higher oil prices can quickly raise transportation, manufacturing and consumer costs, complicating the outlook for central banks that are already balancing inflation risks against economic growth.
If tensions continue to escalate, energy prices could remain a major source of macro volatility.