#OilPricesSurge 🛢️
Weekend Energy Alert: Oil Rockets to 2026 Highs as Hormuz Traffic Freezes
The numbers coming in today are staggering. Brent Crude has surged to $92.69 per barrel, marking nearly a 30% weekly jump, while WTI closed at $90.90, recording one of the strongest weekly rallies of the year.
🔍 The "Perfect Storm": Why Prices Are Exploding
1️⃣ The "Zero Tanker" Reality
Despite Iran stating that the Strait of Hormuz remains technically open to non-US and non-Israeli ships, tanker traffic has effectively dropped to zero since Wednesday. Insurance companies are refusing to cover vessel