Brent crude pushed above $90/bbl for the first time in more than a month as the US extended strikes on Iran for a ninth straight day and traffic through the Strait of Hormuz slowed to a trickle. BP and Shell led FTSE 100 gains early on, but the underlying catalyst is elevated geopolitical risk that can spill into broader energy and market volatility.
Brent crude pushed above $90/bbl for the first time in more than a month as the US extended strikes on Iran for a ninth straight day and traffic through the Strait of Hormuz slowed to a trickle. BP and Shell led FTSE 100 gains early on, but the underlying catalyst is elevated geopolitical risk that can spill into broader energy and market volatility.
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