Brent fell below $100 as Iran dangled a conditional Hormuz reopening and Saudi Aramco restarted its East-West pipeline, but shipping data shows the strait is still 98% below normal.

Oil's leap past $100 per barrel upends cost assumptions, pricing power, and central bank timing for leaders across every margin-sensitive industry.

Brent crude jumps 3% as US-Iran clashes and Houthi attacks on Saudi cities threaten supply routes.