#油价突破110美元 Brent crude oil futures have broken through $111 per barrel, and the current market is experiencing a substantial tightening driven by a "spot supply shortage." The specifics are as follows:

· 📈 Latest price and gap: As of April 28, 2026, Brent crude closed at $111.26, and WTI crude at $99.93. Goldman Sachs data shows that due to supply disruptions, global inventories are being depleted at a record rate of 11 to 12 million barrels per day.
· 🔍 Core reason: Strait of Hormuz deadlock: US-Iran negotiations have stalled, with the US continuing to maintain a maritime blockade, resulting in nearly zero daily transit through the strait. About one-fifth of global oil transportation passes through here, and the ongoing blockade is a major driver pushing up oil prices.
· 🏦 Institutional views and risks: Citigroup has raised its Q2 oil price forecast to $110 and warns that if the blockade continues until the end of June, oil prices could surge to $150.
· ⚠️ Potential variables: The most noteworthy signal comes from the options market — despite the spot shortage, put options volume has recently exceeded call options volume for several consecutive days. This indicates that some "smart money" is betting on a sudden peace agreement leading to a drop in oil prices, and caution should be taken regarding the "high-level correction" risk.