Hormuz crude flows top pre-war levels; Brent holds above $100

Kpler data shows Strait of Hormuz crude flows have surpassed pre-war levels, easing supply fears despite Houthi attacks on Saudi infrastructure and Iranian strikes on tankers. Brent remains above $100, up from Friday, indicating the market is still pricing in risk premium. The resilience of flows suggests the disruption risk is lower than feared, but the ongoing attacks keep the premium elevated.