Brent Crude Surged Near $120 Monday As Hormuz Closure Forces Production Cuts - Bitcoin And Risk Assets Fell In Tandem
Brent crude briefly hit $119.50 per barrel Monday - its highest level since Russia's 2022 Ukraine invasion - as the Strait of Hormuz remained effectively closed amid the U.S.-Israel campaign against Iran. The Dow Jones Industrial Average fell as much as 886 points at session open, with the S&P 500 a