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Iran conflict drives oil to $100
The risks of oil supply disruptions have intensified amid ongoing conflicts in the Middle East, causing Brent crude prices to rise to $100 per barrel for the first time since July 2026. Concerns have grown over potential disruptions to shipping routes and global oil supplies due to escalating clashes between Iran and the Houthis, as well as moves by the United States and Iran in the Strait of Hormuz. This increase reflects how geopolitical tensions are impacting the energy market, with expectations of higher transportation and production costs, which could lead to rising fuel prices and add to global inflationary pressures—especially in the absence of any signs of easing tensions or the resumption of peace negotiations.
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