OIL SURGES PAST $110 AS WAR RISKS INTENSIFY Oil jumped above $110 and diesel topped $200 after Trump threatened escalation in Iran, raising fears of prolonged disruption through the Strait of Hormuz. Despite hints the war could end soon, no clear timeline or plan has emerged, keeping markets on edge. With the strait effectively closed, supply remains severely constrained and prices have surged—Brent is up about 50% since the conflict began. Refined fuels are under even more pressure, with diesel spikes signaling rising global inflation risks. Tight supply is evident, with near-term oil contracts trading at record premiums. Until there’s clarity on de-escalation or Hormuz reopens, analysts expect continued volatility and elevated energy prices.(*Walter Bloomberg)