Brent crude jumps above $95 after U.S. launches strikes on Iran

Brent crude's surge above $95 after reported US strikes on Iran signals an acute geopolitical supply-risk premium and heightened tail-risk across energy markets. The move can tighten global financial conditions via higher inflation expectations and increased volatility, weighing on risk assets while supporting upstream energy exposures. Near term, traders will focus on potential escalation, shipping risks, and any disruption to regional production or transit routes.