Brent crude surges above $100 amid escalating Iran tensions

Brent crude $CRUDE has climbed above $100 per barrel on Thursday as Middle East geopolitical risks intensify. Supply concerns and tanker attack fears are driving the rally, pushing U.S. Treasury yields to multi-year highs and pressuring Asian equity markets.

The oil spike raises fresh inflation worries ahead of key central bank decisions from the ECB and Fed. Energy-sensitive sectors face headwinds as crude prices persist near $100-$101 levels.

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