Brent Crude Tops $110 as Middle East and Ukraine Risks Reignite Supply Shock Fears
Brent crude climbed above $110 a barrel for the first time since May as attacks linked to the Iran-Israel conflict intensified concerns over shipping through the Strait of Hormuz and broader supply security. At the same time, renewed Ukraine-Russia hostilities around energy infrastructure added to market anxiety, pushing WTI higher and lifting weekly oil gains above 10%.
