*Brent crude back above $110. The UAE quit OPEC. Trump says Tehran has a bad attitude. Welcome to month nine of the “12 day war.”*

# What Nobody Tells You

Brent futures are back above $110 per barrel as industry voices warn of the US-Iran war degenerating into a “forever” conflict. ￼ The Islamabad talks failed this weekend. Trump’s comments on Iranian ceasefire proposals said he was “unhappy” with Tehran’s attitude. ￼ Nigeria’s national oil company hiked its flagship Bonny Light grade by $6.13 per barrel for May cargoes. Forcados is up $7.01. ￼ In March 2026, the first month of the war, global EV sales surged 75% month-over-month to 1.14 million units, driven by Europe, Australia, and Northeast Asia. Sales in North America dipped. ￼

# Why It Actually Matters

India, 89% dependent on crude oil imports, has seen the rupee lose almost 3.5% against the dollar since the war started. ￼ Sweden has issued an “early warning” about potential jet fuel shortages. ￼ Europe is buying EVs. America is buying gas. Nigeria is cashing in. Every barrel out of Hormuz that doesn’t ship makes Lagos $7 richer. The “forever war” is forever profitable for everyone except the people paying $4 at the pump.

# What To Do About It

When Norway’s currency rises and Sweden runs out of jet fuel, the war isn’t a war. It’s a wealth transfer with a body count.

*This post is sponsored by CRIX22, AI-powered crisis simulations. When EV sales jump 75% in the first month of the war, the oil companies aren’t losing. They’re rotating. → crix22.com*

Oil Hits $110, EV Sales Jump 75%, And Trump Calls Iran “Unhappy”