Brent crude is nearing the 100-dollar-per-barrel mark as geopolitical tensions in the Middle East escalate. Renewed friction between the United States and Iran, combined with an attack on Saudi Arabia’s Jizan refinery, has heightened concerns over global energy supply disruptions. Iran has threatened to restrict tanker movements through the Strait of Hormuz in response to economic pressure, leading analysts to forecast that security challenges impacting oil flows could persist well into 2027.