Oil surges 14% on Hormuz crisis: how it affects your wallet
Brent crude is up 36% in 2026, topping $83/barrel as the Strait of Hormuz crisis escalates. Goldman Sachs warns it could hit $100. Here's how it impacts gas prices, food, and inflation.
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Brent crude is up 36% in 2026, topping $83/barrel as the Strait of Hormuz crisis escalates. Goldman Sachs warns it could hit $100. Here's how it impacts gas prices, food, and inflation.
Brent surged to $83.83 (+8%) and WTI to $77.05 after Iran closed the Strait of Hormuz. Tanker traffic dropped 80%. US gas prices crossed $3/gallon. Analysts warn oil could hit $100.
Brent crude surged 9% to $78.70/barrel after US-Israel strikes on Iran. The Strait of Hormuz is effectively closed. US gas prices expected to rise 10-30 cents within days.