US-Iran tit-for-tat strikes push Brent above $100 as Hormuz tanker attacks escalate

Crude oil surpassed $100 per barrel as the US-Iran conflict escalated: the US destroyed five Iranian tankers in the Gulf of Oman and Persian Gulf after an Iranian attack on a US warship; Iran retaliated by bombing US targets in Jordan and striking eight tankers and two US ships in the Strait of Hormuz. Houthi rebels also hit Saudi oil facilities. The escalation threatens critical chokepoint shipping and energy supply, with further price spikes likely if Hormuz disruptions persist.