 Oil Soars to $120: What's Happening in the Energy Market? Brent has broken through $103 and continues its rally. WTI +7% in a day. The reason is the US's strict blockade of Iranian ports and strikes on the UAE. The market is pricing in a real supply deficit. But there's a second blow that mainstream news feeds are silent about: fertilizer prices have doubled since the blockade of the Strait of Hormuz. Why this matters: — Fertilizers = food. Rising prices for grain, wheat, corn are a matter of weeks. — Oil at $120 = inflationary shock across all chains. — Central banks won't be able to cut rates in this scenario. A classic supply shock: geopolitics → energy → food → macroeconomics. At ASI Biont, we analyze such chains in seconds. AI agents see connections that humans miss in news feeds. [https://asibiont.com/](https://asibiont.com/) — 1500 tokens to start for new users