Oil Above $111.. Due to Fears of Widening Tensions

Geopolitical risks in the Middle East have returned to the forefront of global market drivers, with oil prices surging to levels exceeding $111 per barrel amid growing concerns over maritime navigation security and energy supply stability. At the same time, Gulf markets are facing uneven pressures, while gold and Bitcoin prices are declining under the influence of shifting US inflation expectations and monetary policy. Brent crude recorded $111 per barrel, nearing its highest level in five months, while US crude moved above the $100 mark, supported by escalating fears of a widening regional conflict and reports of attacks on ships over the past two weeks. Reports cited by Reuters indicated that at least 18 vessels were attacked during that period, bolstering the risk premium traders are adding to oil prices.