Brent crude stares down the barrel of US$100 barrier as global frictions raise supply risk

Heightened geopolitical tensions are pushing global crude benchmarks towards the critical US$100-a-barrel threshold, and investment banks have lifted their end-2026 price forecasts, dampening import appetite in China – the world’s largest net crude importer. Saudi Aramco oil installations at Jizan, home to a 400,000-barrel-per-day refinery, were attacked on Monday, the Financial Times reported, with authorities assessing the damage. Iranian-backed rebels had yet to claim responsibility for the..