Hormuz Strait Paralyzed: Brent Surges Past $100, Markets in Turmoil

The Strait of Hormuz, which carries 27% of global maritime oil trade, has seen daily tanker transits collapse from 135 to just 21 vessels following Iranian restrictions in April. Brent crude surged 64% in March to breach $100 per barrel - its highest close since August 2022 - redefining inflation outlooks and global geopolitical calculations.