Brent tops $100 as Iran war disrupts Strait of Hormuz shipping

Brent crude has crossed $100 per barrel as conflict in Iran disrupts shipping through the Strait of Hormuz, a critical chokepoint for global oil flows. The disruption threatens supply chains and raises inflation risks, with the full extent of the disruption and duration of the conflict uncertain. This marks a significant escalation in energy market stress, likely to impact global growth and monetary policy.