Brent crude oil has risen above $100 per barrel as Middle East tensions intensify and supply disruption fears mount. The US-Iran confrontation, marked by recent attacks on shipping and oil infrastructure, is driving these concerns. Regional equity markets are under downward pressure amid heightened investor caution. Market pricing indicates a 0.7% probability of crude reaching a new all-time high by September 30, while the likelihood of a US-Iran reconstruction funding deal by 2026 stands at 15.5%.
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