Market Colour - 04 Mar 26 1/ The Strait of Hormuz remains closed as missiles continue to fly across the Persian Gulf, tightening energy supply and forcing markets to reprice tail risk. Brent is at $83/bbl and Dutch Natural Gas (TTF) is up 50% at $55, with refineries coming under fire and insurers withdrawing cover even as Washington floats DFC backstops and possible U.S. Navy escorts.(QCP)