WTI $96 · DXY 100 · VIX 25 · GPR 117
Brent crude trades at $106.56 – up 51.5% this month – as Hormuz vessel transits hold at low double digits against a pre-war baseline of 130 per day, a 12 mb/d supply deficit that SPR releases at 3 mb/d cannot close; meanwhile Israel’s killing of Ali Larijani removes Tehran’s last pragmatist interlocutor, the Trump-Xi …