Oil Near $100–$108 as US–Iran Conflict, Saudi Output Cuts, and Red Sea Risks Tighten Supply

Brent traded near $104 and WTI near $100, after earlier Brent highs above $108, as conflict‑related disruptions, the lowest Saudi output since 1990, and Bab al‑Mandeb vulnerability constricted supply. Elevated energy prices intensify inflation pressure and complicate central‑bank policy paths.