EP110: Oil Explodes Higher as trump whacks the hornets nest

One of the most turbulent weeks in global markets in years. The escalating US-Israel-Iran conflict has effectively closed the Strait of Hormuz — through which 20% of the world's oil and LNG flows — sending Brent crude above $100 for the first time since August 2022, with oil up approximately 50% in just six sessions. The IEA has called it the largest oil supply disruption in the history of the global oil market.This week we break down:The Hormuz Crisis — what happened day by day and what comes nextStagflation fears — a shock US jobs report shed 92,000 jobs just as oil surgedThe $1.8 trillion private credit crunch — Morgan Stanley, JPMorgan and Deutsche Bank all caught in the crossfireASX and global market movers — winners, losers, and where to positionBear vs Bull case scenarios for what happens from hereKey stories this week: Oracle surged 7% on 84% cloud growth, Adobe CEO Narayen resigned after 18 years, Bumble jumped 34% on its AI matchmaker launch, Goldman warned Brent could hit $147.50+, and the RBA is 62% priced for a hike on 17 March.