Crude oil stubbornly hovered near $100 per barrel as Middle East shipping disruptions dragged on, sparking global panic among finance bros staring at Bloomberg terminals. Meanwhile, at the Todos Santos palapa, the biggest geopolitical crisis is whether to pay 40 pesos for a cold beer or walk another block to the OXXO. The IMF also bravely upgraded global growth forecasts, a metric that carries zero weight compared to the local surf report.