US: Brent crude tops $105 as US-Iran conflict fuels supply concerns.

***FILE FOOTAGE*** SHOTLIST NEW YORK, US (SEPT. 8, 2026) 1. VARIOUS DRONE SHOTS OF PHILLIPS 66 OIL REFINERY RIO DE JANEIRO, BRAZIL (MARCH 25, 2026) (FILE FOOTAGE) (PART MUTE) 2. VARIOUS DRONE SHOTS OF THE 3. VARIOUS OF TRUCKS AND OIL TANKER TRUCKS OUTSIDE THE REFINERY HARRISON, TEXAS, UNITED STATES (FEB. 28, 2026) (FILE FOOTAGE) (MUTED) 4. VARIOUS DRONE SHOTS OF THE AIR LIQUIDE–EASTMAN INDUSTRIAL FACILITY AS OPERATIONS CONTINUE NEW YORK, UNITED STATES (MARCH 6, 2026) (FILE FOOTAGE) (MUTED) 5. VARIOUS DRONE SHOTS SHOWING THE PHILLIPS 66 OIL REFINERY ALMETYEVSK, TATARSTAN, RUSSIA (AUGUST 2023) (FILE FOOTAGE) 6. VARIOUS OF OIL WELLS AT TATNEFT FIELDS 7. VARIOUS OF STAFF WORKING NEAR OIL WELLS 8. VARIOUS OF OIL WELLS MUMBAI, INDIA (MARCH 12, 2026) (FILE FOOTAGE) 9. VARIOUS OF THE TANKER SHIP “SHENLONG” NEAR MUMBAI PORT OMAN (APRIL 8, 2026) (FILE FOOTAGE) 10. VARIOUS OF SHIPS ON STRAIT OF HORMUZ***FILE FOOTAGE*** NEW YORK, US (SEPT. 8, 2026) / RIO DE JANEIRO, BRAZIL (MARCH 25, 2026) / HARRISON, TEXAS, UNITED STATES (FEB. 28, 2026) / NEW YORK, UNITED STATES (MARCH 6, 2026) / ALMETYEVSK, TATARSTAN, RUSSIA (AUGUST 2023) / MUMBAI, INDIA (MARCH 12, 2026) / OMAN (APRIL 8, 2026) - Brent crude rose above $105 per barrel on Thursday as the escalating US-Iran conflict heightened concerns over prolonged disruptions to global energy supplies. The international benchmark climbed 4% to $105.24 per barrel, reaching levels last seen in May. The US benchmark West Texas Intermediate (WTI) increased 4.4% to $100.27 per barrel, surpassing the $100 threshold for the first time since May. The gains came as the US-Iran conflict entered its seventh month, with intensifying attacks on shipping raising fears of further disruption to oil flows from the Middle East. Meanwhile, senior White House advisers have privately discussed with US President Donald Trump the possibility that the conflict could continue through the remainder of his term, according to a Wall Street Journal report citing US officials. The report came after Trump said Wednesday that the war would “end immediately” following the Nov. 3 midterm elections. “I think the war will end immediately after the election because they can’t hold out any longer,” Trump told reporters. Rising geopolitical risks have reversed part of the sharp decline recorded in oil markets earlier this year. WTI has recovered the losses registered in early June and July, while Brent is trading well above its early-June levels.