Brent Surpasses $106: Navigation Disruptions in Hormuz Ignite International Energy Markets

 Amid escalating events in 2026, Brent and WTI crudes gained more than 1% in early Friday trading, continuing a rally that began Thursday with an increase of over 3%. Traders attribute this rise to prevailing anxiety regarding supply chain security through vital waterways, especially with ongoing maritime friction in the Strait of Hormuz. Global markets are monitoring the impact of these military confrontations on crude flows, amid warnings that any long-term navigation disruption could lead to a price shock, placing additional pressure on a global economy already exhausted by inflation crises.