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The Iran war premium is exploding:
Brent crude has surged to $107.65/bbl, up +5.31% in a single session and +77% year to date, the highest level since mid-2022.
WTI is at $94.32/bbl, up +4.43% today, with heating oil up +6.18%.
This comes as President Trump tells Iran negotiators to "get serious" while the Strait of Hormuz remains under threat.
The S&P 500 is down -0.77%, the Nasdaq is off -1.14%, and $BTC has dropped -3.28% to $68,969.
The energy shock is dragging every risk asset lower with no end in sight.