Hormuz Shutdown: Where are the Grain, Cattle, and Oil Markets Headed?

Week in Review - Oil Above $100 as Hormuz Disruption Tightens Supply - Mansfield Energy

It’s been another wild week for oil markets, with WTI crude prices once again rocketing above $100/bbl – and even surpassing $110 for the first time since 2022. Although the market is closed today for the holiday weekend, there’s still plenty of news and updates driving sentiment. Shipping journeys that left the Strait of Hormuz before Feb 28 are now nearly all complete, meaning markets no longer have oil flowing in and must rely more exclusivel…

Hormuz Shutdown: Where are the Grain, Cattle, and Oil Markets Headed?

The war in Iran is driving a historic surge in energy and grain prices while simultaneously threatening to break the cattle market due to rising input costs and shrinking consumer disposable income.