Hormuz Tensions Escalate Oil Price Toward $100

Escalating tensions in the Strait of Hormuz are pushing Brent crude toward $100 per barrel, driven by Iranian export disruptions and China's depleted crude inventories creating urgent demand for Iranian oil. Recent geopolitical flare-ups threaten the chokepoint through which roughly one-third of global seaborne oil transits, with analysts warning that further incidents could breach the $100 threshold. Iran's constrained supply combined with limited spare capacity elsewhere leaves global markets vulnerable to price shocks if regional hostilities intensify.