Brent crude futures rose above $100 a barrel, driven by escalating Middle East conflict and attacks on tankers that are heightening fears of physical supply disruptions.
Brent crude futures breached $100 a barrel as Middle East conflict intensified and tanker attacks deepened concerns over physical supply disruption. The price surge was flagged as a material event with high confidence.
Further verified details on the extent of the disruptions and specific market impact were not immediately available.
David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.
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