Brent Hits $111.27, Five-Month High, on Middle East Violence Surge

Brent crude rose 2% to $111.27, a five-month high, driven by escalating Middle East violence. Iran is intensifying attacks on tankers in the Strait of Hormuz, and Saudi-Houthi clashes are resurging, raising supply disruption risks. The market is pricing in a higher geopolitical risk premium, though actual supply disruptions remain unconfirmed.