Brent crude returns to $100 as Hormuz shipping risks persist

Brent crude rose to $100.06/bbl, with WTI at $89.60, as persistent shipping risks in the Strait of Hormuz underpin prices. The move reflects sustained geopolitical tension in the region, though the exact trigger for the latest leg is unclear. This marks a return to triple-digit Brent, a level not seen since earlier this year, and signals continued risk premium in oil markets.