Brent tops $110 as 69M barrels trapped

- Brent crude spiked above $110 per barrel as a U.S. blockade left roughly 69 million barrels bottlenecked in Gulf export flows, pushing volatility higher. (x.com 1) (x.com 2) - Analysts say OPEC strains and Gulf LNG cuts are forcing Europe to lean on U.S. LNG, which now fills about 58% of Europe's spot import needs. (x.com) - The energy squeeze is raising inflation risks and complicating Fed policy choices amid rising geopolitical uncertainty. (x.com)