Since the 2026 Hormuz episode began in March 2026, Brent is +20% and wholesale fuel +25%
7 months in · after the 2022 invasion, Brent was -15% twelve months on · each stage's headline series, monthly averages, against the month the episode began · Wholesale fuel +25.2%, At the pump +27.0%, Freight +14.7%, Producers and materials -2.4%, Consumers +0.8%
Energy & Transport · Macro · EIA, BLS and Federal Reserve data (the terminal's calculation) · 30 Oct 2026