Is S&P 500 Headed For A 25% Correction?

Brent crude has surged past $110 per barrel — the first breach since 2022, driven by effectively stalled flows through the Strait of Hormuz. Nearly a fifth (~20%) of global seaborne oil trade transits the strait, creating a material supply chokepoint that is lifting oil prices, adding inflationary pressure and prompting a risk-off move across markets and energy-intensive sectors.

Analysis

Brent crude has surged past $110 per barrel — the first breach since 2022, driven by effectively stalled flows through the Strait of Hormuz. Nearly a fifth (~20%) of global seaborne oil trade transits the strait, creating a material supply chokepoint that is lifting oil prices, adding inflationary pressure and prompting a risk-off move across markets and energy-intensive sectors.