Brent tops $100 as Middle East conflict tightens oil supply
TL;DR Summary
Brent crude futures rose above $100 a barrel for the first time since July as escalating Middle East hostilities raised expectations of disrupted crude flows from the region. Front-month Brent traded around $100.66/bl (up about 2.8%), with WTI near $95.77/bl, as attacks on oil facilities and shipping routes heighten supply concerns and refine margins remain tight. Analysts say a prolonged crisis could keep prices elevated by threatening routes like the Hormuz Strait and the Red Sea, sustaining volatility in global energy markets.
Topics:business#brent-crude#hormuz-risk#middle-east-conflict#oil-gas-and-consumable-fuels#oil-prices#supply-disruption
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