Brent tops $104 on White House Iran strike talk, Gulf storm supply risk

Brent crude exceeded $104 intraday, closing up 2.13% at $98.16, while WTI rose 3.64% to $91.49, driven by reports the White House is considering new attacks on Iran ahead of U.S. midterm elections and a forming hurricane disrupting Gulf of Mexico production. The market is pricing elevated geopolitical and weather-related supply risks, though the actual impact on supply remains uncertain.