Murban’s move above $100 has shifted attention to Brent and WTI as trading resumes. If those benchmarks follow, energy costs could rise further across economies that import oil. This, in turn, would increase pressure on consumers, manufacturers, airlines, and transport-heavy industries that rely on stable fuel prices.
The next move will depend on how long supply risks stay elevated and whether shipping conditions improve. A brief disruption may keep the spike contained. A longer period of restricted flows through the Strait of Hormuz would support higher benchmark prices and deepen the inflation effect already visible in the physical oil market.
