Oil hits $114 for first time since May as global stocks hit by AI fears
Markets face twin threats of surging crude prices and concern over durability of AI boom
Source: Financial Times
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DW NOTE
The Strait closed five days ago. Brent is up 81% year-on-year. Gold has fallen 24% from its January peak. The AI story is noise — equity multiples are compressing because energy just became structurally more expensive and real rates are rising into a supply shock.