While Brent and WTI hover around the low $100s, spiking fuel costs paint a clearer picture of the escalating disruption.
A 'Sorry This Hose Not In Use' sign covers a pump at a Shell petrol station in Sydney, Australia, on Wednesday, March 25, 2026. Hundreds of service stations across Australia have reported fuel shortfalls, as the war in the Middle East disrupts global supplies. Photographer: Brent Lewin/Bloomberg
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