Brent crude holds near $100 as ongoing disruption removes 9–10 million barrels per day from global supply.
A prolonged disruption in the Strait of Hormuz has removed 9–10 million barrels per day from global oil supply, sustaining upward pressure on prices.
Brent crude remains near $100 per barrel, with potential to rise further amid tight supply conditions. The outage exceeds prior disruptions in scale and duration, amplifying inflation risks.
Markets are monitoring the situation for signs of resolution or escalation, with energy stocks and commodities reacting to supply constraints.