Brent Crude Surges 3% to Six-Week High as Gulf Corridors Narrow
🛢️ MARKETS — Both corridors are compromised. Oil just priced the math. 📌 LOOK CLOSER: Hormuz at 6 daily transits, Red Sea rejecting Saudi cargo after tanker U-turns — markets are finally pricing simultaneous chokepoint failure, not just risk. A 3% single-session surge on top of 30% cumulative gains since July lows leaves little buffer before demand destruction or SPR exhaustion forces policy responses. The ceiling isn't priced yet.
