US-Iran escalation in Strait of Hormuz pushes Brent past $100

Attacks on Iranian tankers and heightened conflict in Bab al-Mandab have driven Brent to $100.72 and WTI to $95.25, marking a significant escalation in the US-Iran confrontation. The situation is developing, with the immediate risk of supply disruption through the Strait of Hormuz, a critical chokepoint for global oil. The market impact is direct and severe, though the full extent of the conflict's trajectory remains uncertain.