Brent Hits $108, WTI $103 as Gulf War Risk Drives Sharpest Weekly Gain Since July

Crude benchmarks surged to four-month highs, with Brent at $107.86 and WTI at $102.28, adding ~13% week-on-week—the sharpest gain since mid-July. The rally is driven by escalating Gulf hostilities and fading prospects for peace, though the article does not specify a single trigger event. This marks a continuation of war-risk premium accumulation, with the market pricing in sustained supply disruption rather than a one-off shock.