Oil Prices Surpass $100 as Middle East Tensions Drive Prices Up

Brent and WTI Prices Brent crude surpassed $100 a barrel, trading at $100.73, while WTI crude futures for October settled at $94.85.
Concerns Over Energy Supply Ongoing conflicts in the Middle East and attacks on energy infrastructure and maritime transport have heightened fears of larger supply disruptions, pushing prices above the $100 threshold.
Iran's Attack on U.S.
Navy Ships The Islamic Revolutionary Guard Corps announced that U.S.
Navy vessels USS Decker Black and USS John Paul Jones were targeted with ballistic missiles.
Jordan reported that its territory was struck by Iranian missile attacks, with air defense systems destroying 18 missiles and two falling into empty airspace.
Response U.S.
Secretary of State Marco Rubio warned that continued targeting of U.S.
naval vessels could result in the loss of tankers.
Houthi Attacks on Saudi Arabia Houthi forces launched missile and drone strikes on Saudi Arabia's southern Aramco facilities and King Khalid Air Base, citing retaliation for recent coalition air strikes in Yemen.
Risk Premiums and Technical Analysis High risk premiums are expected to persist due to fears of further supply disruptions.
Technical analysis shows resistance at $100.73 and support at $95.37 for Brent crude.