Trump's Strait of Hormuz Toll Demands Send Oil Prices Skyrocketing

U.S. President Donald Trump's announcement of tariffs on the Strait of Hormuz has sent global oil prices surging. Brent crude has risen above $100 per barrel, while WTI is approaching $95. This marks the first significant price spike since the U.S. imposed economic sanctions on Iran. While the ECB's rate path and Eurozone inflation have not yet shown immediate impacts, the shock in energy markets is poised to ripple through credit markets and global trade. Markets are now speculating whether Trump's decision signals a more aggressive stance against Iran, potentially driving oil prices even higher.