Africa's Fuel Crisis Is Now Structural, and the Ceasefire Cannot Fix It
Seven weeks of Hormuz disruption have exposed Africa's total dependence on physical fuel deliveries that a diplomatic pause cannot restore.
Dara Osei
Bureau: London
Brent Dropped from $103 to $97 on Blockade Day One — and the Paradox Tells the Real Story
Oil fell on the first day of a naval blockade because markets priced in porous enforcement, demand destruction, and Trump's 'deal' comment.
The Physical-Futures Oil Gap Grew on Blockade Day One Despite a Six-Dollar Futures Drop
Futures fell to $97 but physical crude stayed elevated — the spread that was $35 on Friday grew wider on Day One of enforcement.
Shipping Insurers Have Repriced Everything Near the Gulf, and the Blockade Is Enforcing Itself
War risk premiums for Hormuz transits have surged 35 to 50 times pre-war levels, effectively closing the strait through cost.