#TrumpSaysIranConflictNearsEnd 🛢️ Energy Shocks and Oil Prices
The surge in crude oil prices is the primary catalyst for the recent sell-off. As of March 9–10, 2026:
Brent and WTI: Both benchmarks briefly spiked toward $120 per barrel—the highest levels since 2022—before experiencing extreme intraday swings.
Strait of Hormuz: The effective closure of this corridor, which handles roughly 20% of global oil and LNG, has created a supply vacuum. Major producers like Iraq and the UAE have already begun curbing production as storage tanks hit capacity.
🌏 Regional Market Impacts
The decline h