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Brent crude oil futures surged to $100 per barrel amid escalating supply threats in the Red Sea, according to data from Gate. The spike comes as fears grow that Iran may disrupt oil shipments through the key shipping route, a critical chokepoint for global energy trade. The Red Sea passage is vital for crude oil transport, and any potential disruption could tighten supply and drive prices higher. Traders are closely monitoring geopolitical developments, as further escalation may fuel volatility and risk appetite in energy markets. The $100 level marks a significant psychological barrier, and intraday speculative trading could see heightened activity around this threshold.
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