EnergyCriticalConfirmedAccelerating
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Brent tops $100 as Iran war disrupts Strait of Hormuz shipping
Al Jazeera·IR · AE · SA·1 day ago
Brent crude rose above $107 per barrel while WTI reached $103.34, continuing a sustained upward trend. The move signals persistent supply tightness or geopolitical risk premium, though the specific driver is not stated. Rising oil prices feed inflation concerns and weigh on growth outlooks for import-dependent economies.