Brent Crude Tops $100 Amid US-Iran Conflict

The escalating military conflict between the United States and Iran has pushed Brent crude prices above $100 per barrel for the first time since July, with November-delivery Brent closing at $101.21 on London's ICE Futures Exchange.

The U.S. Central Command announced it had destroyed five Iranian oil tankers in response to an attack by Iran's Islamic Revolutionary Guard Corps on a U.S. naval vessel, further escalating tensions.

Rising oil prices are fueling concerns over prolonged crude supply disruptions and adding upward pressure on the dollar, which is expected to rebound to the 1,340 won level as military conflict intensifies.