Oil Shock Reality Check: Markets Wake Up to $100 WTI

The Opening Bell

Crude is knocking on $103’s door this morning, and the euphoria in tech stocks suddenly feels disconnected from the energy crisis still gripping global trade routes. With the Strait of Hormuz sealed shut for over two months and Iran showing zero signs of backing down, investors are starting to question whether the market’s been too focused on AI earnings and not enough on the structural shift happening in energy markets.

Market Snapshot

Fed Funds Target Range: 3.5%-3.75%

10-Year Treasury: 4.4%