U.S. oil prices surge above $112 per barrel, up 13% on the day.Oil at $112 gets the headlines but the crisis is wider than crude. Hormuz also moves fertilizers, LNG, helium, petrochemicals. Diesel at $200. European gas storage at dangerous lows. Seven private credit funds gating. AI compressing the labor market underneath. Oil is the most visible problem, but not the only one running



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