Oil Prices Jump As Iran Levies Strait Of Hormuz Toll; S&P 500 Falls As LNG Stocks Rise

What: Oil prices surged **15%** after Iran announced a toll on the Strait of Hormuz, a key oil shipping route.
Why: The move is seen as a response to US sanctions and aims to increase revenue for Iran's economy.
Signal: The S&P 500 fell **2.1%** as investors sold off stocks in response to rising oil prices and increased LNG production.
Target: LNG stocks rose **5.3%** as companies benefited from higher demand and prices.
Risk: The Strait of Hormuz toll poses a significant risk to global oil supply and could lead to further market volatility.