#OilBreaks110


Brent crude jumped 5.8% to $114.44 on Monday — the highest level since 2022 — after Iran attacked a U.S. Navy ship near the Strait of Hormuz and Iranian drones sparked a fire at a UAE oil facility in Fujairah. WTI briefly touched $115 before easing to around ~$103 on Tuesday morning.
Trump announced the “Freedom Project” to escort neutral ships through the Strait of Hormuz, but Iran warned that U.S. involvement would violate the ceasefire. The strait remains a weak spot: about 20% of global oil flows pass through there.
The economic shock is substantial. The 30-year Treasury yield pushed above 5% due to inflation worries. Mortgage rates hit a one-month high at 6.46%. The Dow fell 400 points on Monday before recovering slightly on Tuesday.
For crypto, the picture is mixed: BTC rose after Trump’s Freedom Project announcement (risk assets got a brief boost), but the underlying macro pressures — oil-driven inflation, a spike in yields, and geopolitical uncertainty — are intensifying.
Main focus: If the blockade of the Strait of Hormuz continues, oil above $120 becomes the base-case scenario, and this wave of inflation could reshape every asset class.
📊 Brent: $114.44 (+5.8%) | WTI: ~$103.63 | Dow: -400 Monday, recovered Tuesday
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BTC1.91%
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