https://www.instagram.com/vanessaclarkipaiThis is your Crude Oil podcast.Hey everyone, welcome to another episode of Daily Crude Oil Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the wild ride of crude oil prices amid escalating tensions in the Strait of Hormuz.As of this morning, Brent crude is trading around $103 per barrel, up sharply from last week's levels near $97 to $101. WTI is hovering close to $94 to $97, marking a roughly 4% jump in global markets over the past day according to Geo News reports. Star Oilco's latest fuel market update from April 12th to 18th pegged it at $97.45, down $4 from prior weeks, but fresh disruptions have reversed that trend fast. Saxo Bank notes Brent hitting $103 for four straight days of gains, while Angle360 confirms $103.67 on April 23rd.What's driving this surge? Geopolitical chaos. Iran's firing on vessels near the Strait of Hormuz, amid the ongoing US-Iran blockade, is choking off about 20% of global crude flows, per Texas Precious Metals and Democracy Now analysis. This isn't just pushing oil higher; it's sparking fears of fertilizer shortages and a looming global food crisis, as the Food and Agriculture Organization warns. President Trump's ceasefire talk hasn't cooled things, with Tehran showing no signs of backing down.For traders and everyday folks, this means higher fuel costs at the pump, potential inflation spikes, and volatility ahead. Keep an eye on supply restarts like Pakistan's Attock refinery getting tankers again, but Hormuz risks dominate.Actionable tip: If you're budgeting for gas or investing in energy stocks, hedge with diversified commodities or watch gold's dip to $4,705 as oil steals the spotlight. Stay tuned for updates, and remember, knowledge is your best trade.Thanks for joining me on Daily Crude Oil Price Tracker. Subscribe, tune in next time for more, and take care!For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI

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