Hormuz blockade cuts April transits to 191 ships; Brent hits $111

Kpler data shows just 191 ships passed through Hormuz in April versus a peacetime baseline of 3,000 monthly. Brent crude traded at $111.25/barrel at 9am ET on April 6, after spiking to $128 on April 2. The EIA projects April US gasoline averages $4.30/gallon with diesel exceeding $5.80.