Crude Oil is trading at $95.89, up +3.07%, as U.S.-Iran strikes heighten fears of prolonged Middle East supply disruptions.
- Renewed hostilities threaten tanker traffic through the Strait of Hormuz, supporting a geopolitical risk premium.
- Recent Houthi attacks on Saudi energy facilities further increased concerns about regional production and shipping.
- Broader equities are lower, making geopolitical supply risk the dominant driver.