Wall Street has thrown in the towel on a quick end to the global oil shock

Oil has climbed back above $100 a barrel, hitting a major psychological milestone after summer declines.
Wall Street is now treating triple‑digit oil as realistic and has raised 2027 forecasts, signaling a longer‑lasting supply squeeze.
That risks higher prices for gas, flights, groceries and shipping — squeezing household budgets and complicating inflation, bonds, and stocks.