WS #15526
Brent crude surged past $103 following confirmed Houthi ballistic missile strikes on Saudi infrastructure and Ukrainian drone attacks on Russian refineries. The Strait of Hormuz is facing active disruption, with PortWatch counts indicating crisis-level pressure. This supply shock is creating a binary market environment: energy stocks are benefiting from price spikes while airlines, shipping, and consumer discretionary faces margin compression from higher fuel and logistics costs.
Middle East Oil Supply Shock
Brent crude surged past $103 following confirmed Houthi ballistic missile strikes on Saudi infrastructure and Ukrainian drone attacks on Russian refineries. The Strait of Hormuz is facing active disruption, with PortWatch counts indicating crisis-level pressure. This supply shock is creating a binary market environment: energy stocks are benefiting from price spikes while airlines, shipping, and consumer discretionary faces margin compression from higher fuel and logistics costs.