Day 13 of the Strait of Hormuz blockade, Brent crude oil officially breaks through $100 per barrel.

Iran's blockade of the Strait of Hormuz has directly halted 21% of global oil trade. The U.S. Central Command confirms: 29 ships have been driven away, and the blockade is fully in effect.
The White House quickly clarifies: the so-called ceasefire will last only 3-5 days, not indefinite.
Iran immediately retaliates: if you dare to act, we will also block the Strait of Mandeb.
Oil prices soar directly, with Brent crude rising 3.3% intraday to break the $100 mark, WTI crude surging to $94.65.
In theory, with oil prices breaking $100, global stock markets should panic collectively. Yes, U.S. stock futures, gold, silver, and U.S. Treasuries all plummeted across the board, but it was only a brief dip, quickly recovered afterward.
Now, the core question: if the blockade becomes prolonged, who profits, and who is being drained?
• U.S. energy exporters become the biggest winners, EIA data shows export volumes hitting a record high, with European and Asian countries frantically buying, even at doubled shipping costs.
• Shipping companies rerouting around the Cape of Good Hope, unable to pass through the strait, must detour Africa, causing shipping costs to skyrocket, and shipowners reap huge profits.
Crypto market: short-term volatility, do not blindly follow the trend.
• Bitcoin drops from $78,300 to below $78,000, with funding rates turning negative. Currently, it’s just a slight rebound, not a true breakout.
Trump explicitly states: if negotiations break down, the war will restart directly. This is not intimidation but an official declaration. Iran’s threat to block the Strait of Mandeb is also not just rhetoric.
If both major global oil chokepoints are simultaneously blocked, it’s not just about oil prices breaking $100, but a crisis of the entire global supply chain breaking down.