• Brent Crude: The international benchmark Brent crude has also traded well above the $100 threshold, recently climbing toward five-month highs past $112 a barrel amid ongoing attacks on energy infrastructure and tanker routes. • Drivers of the Rally: • Intensified fighting involving the U.S. and Iran, including strikes and threats targeting key shipping lanes like the Strait of Hormuz. • Houthi attacks on energy facilities in Saudi Arabia. • Declining U.S. commercial crude oil inventories