Brent Tops $105 as Middle East Tensions Roil Energy Markets
What Happened
Brent crude climbed above $105 per barrel for the first time since May 2025, extending a sharp rally driven by concerns over global oil supplies. Escalating tensions in the Middle East, fears of prolonged disruptions to shipping routes, lower Saudi Arabia oil production, and stronger Chinese buying pushed prices higher.
Key Takeaways
Higher crude prices raise the risk of costlier fuel, transportation, and inflation, particularly for oil-importing countries such as India. Markets will closely watch geopolitical developments and supply conditions for the next move in oil prices.