🚨ALERT: Brent crude has BLOWN past $105 to $107 a barrel after the hotter-than-expected PPI release, as escalating U.S.–Iran tensions fueled supply fears. Tanker attacks and threats to shipping through the Strait of Hormuz are putting oil flows at risk, per WSJ. Higher oil prices threaten to squeeze consumers and businesses while complicating the Fed’s inflation fight.(Coin Bureau)