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OIL HITS 100: Markets Plunge as Iran Keeps Hormuz Shut

Oil surged past 100 dollars a barrel as Iran vowed to keep the Strait of Hormuz closed, triggering global market losses, higher mortgage rates, and urgent naval escort plans to protect shipping amid a growing energy shock

Number

100 USD - Brent crude tops 100 dollars a barrel amid Strait of Hormuz disruptions

Quote

"The Strait of Hormuz must remain closed" — Ayatollah Mojtaba Khamenei

SPX 6,673 ↓ 1.52% Dow 46,678 ↓ 1.56% Nasdaq 22,312 ↓ 1.78% Gold 5,111 ↓ 0.28% BTC 71,378 ↑ 1.23%

24 Hours

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