Brent crude tops $100 a barrel for first time since July on tanker escalation

Brent crude futures rose 2.85% to $100.71 a barrel on September 9, crossing $100 for the first time since July, after CENTCOM's tanker strikes and Iran's retaliatory attacks on shipping and the Jordan base. Goldman Sachs said intensifying shipping attacks raise the probability of Brent exceeding $120.

Why this matters. A sustained break above $100 signals markets are pricing a real probability of a Hormuz supply disruption, which would push global fuel costs higher for consumers and industry.