US and Iran exchange strikes on oil tankers in Persian Gulf, pushing Brent crude above $100/barrel

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US and Iran exchange strikes on oil tankers in Persian Gulf, pushing Brent crude above $100/barrel

⚡ Markets: Sustained high oil prices increase inflation expectations, pressuring central banks to maintain hawkish stances. Bullish for energy stocks and oil-exporting nation currencies; bearish for energy-importing economies and transport sectors.BrentWTIXLEshipping stocks

Escalating military exchanges, including US strikes on Iranian tankers and Iranian counter-attacks, alongside Houthi attacks on Saudi facilities, have severely disrupted shipping in the Strait of Hormuz. This has driven Brent crude oil prices above $100 for the first time since July 2024, stoking global inflation fears.

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100 sources across the spectrum

Financial pressWall Street Journal — Brent Holds Above $100 on U.S.-Iran Escalation

RegionalArab News — Brent holds above $100 as tanker attacks deepen supply fears

RegionalAnadolu Agency — Brent crude trades above $100 as US-Iran tensions fuel supply concerns

RegionalThe Straits Times — Oil prices flare as Iran tightens grip on Hormuz

RegionalThe Hindu — West Asia conflict highlights: Oil rises past $100 a barrel after the latest wave of West Asia attacks

Financial pressOilPrice — Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar

RegionalArab News — Oil nears $100 as fresh Middle East strikes raise supply risks

Financial pressWall Street Journal — Brent Hits $100 as U.S.-Iran Escalation, Houthi Strikes Deepen Gulf Supply Fears

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