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Strait of Hormuz is closed, Brent just crossed $98, and Jeff Currie says no policy response can stop it. YouTube finance is having a moment.

Brent crude blasts past $100, the Strait of Hormuz is effectively closed, and Jeff Currie is calling this a decade-long regime shift. Buckle up.

Oil's above $100, tankers are burning, and the IEA's emergency reserve release covers maybe 3 weeks of disruption. Cool, cool, cool.