US oil prices surge toward $105/barrel, hitting their highest level since May 18th.

While public battles of image are being fought, decrees are issued, and promises are made about conflict control and stability (like discussions about stopping energy attacks), global markets are reacting to real systemic risk: the escalation of conflicts in the Middle East and the vulnerability of transport routes (like the Gulf area or the Strait of Hormuz). Oil at $105 shows that economic players are no longer relying on rhetoric, but are calculating the cost of a long-term supply shock.

Source: https://x.com/KobeissiLetter/status/2099484057214054753?s=20