Crude oil surpasses $100: WTI up 30%, brent crude reaches $118; what it means?

 Middle East conflict intensifies, driving oil markets past $100 a barrel as Brent crude reached $118. Fears of energy supply disruption and blocked shipping routes, particularly through the Strait of Hormuz, have caused significant price surges. This volatility impacts global energy supplies and the cost of everyday goods. Middle East conflict intensifies, driving oil markets past $100 a barrel as Brent crude reached $118. Fears of energy supply disruption and blocked shipping routes, particularly through the Strait of Hormuz, have caused significant price surges. This volatility impacts global energy supplies and the cost of everyday goods.