Why Is Brent Crude Oil Price Up 8.65% This Week, Ending Sep 11? Hormuz Disruptions and Saudi Supply Drop Lift Brent Above $100

Brent surged 8.65% to $104.61 as tanker attacks and reduced Strait of Hormuz flows lifted the geopolitical risk premium, reinforced by modest U.S. inventory draws and a sharp reported drop in Saudi supply. Price action remains technically constructive but highly headline-sensitive, with late-week pullback on diplomacy underscoring volatility risk if shipping conditions normalize or de-escalation gains credibility.