The Strait of Hormuz isn't blocked by warships—it's being choked by insurance forms. Commercial insurers pulling coverage has created an effective closure, spiking European gas 35% and Asian LNG 26% in single days. Analysis: https://post.kapualabs.com/56xmu7ab
#StraitOfHormuz #EnergyMarkets #Geopolitics #MaritimeInsurance

WTI crude oil futures for May delivery jumped 3.3% to settle at $102.88 per barrel, marking the first closing price above $100 since the outbreak of war, as geopolitical tensions continue to drive energy market volatility