Brent crude moved above $105 a barrel and U.S. crude above $92 as markets continued to price the risk of Middle East supply disruption.
Additional barrels are moving from Saudi Arabia and the UAE, but rerouting and ship-to-ship transfers are less efficient and more expensive. That means headline production is not the only variable; logistics matter.
For households and businesses, expensive crude works through gasoline, diesel, freight and inflation expectations. Georgia’s decision to suspend its fuel tax today is a direct local response to that global pressure.