Brent Crude Surges Past $113 as Markets Weigh Trump’s 10-Day Pause on Iran Strikes

Brent crude oil prices climbed above $113 per barrel as geopolitical uncertainty continues to grip global energy markets. The price surge follows President Trump’s decision to implement a ten-day pause on military strikes targeting Iran's energy infrastructure. This tactical delay has introduced significant volatility, as traders balance the temporary de-escalation against the risk of future supply shocks. Amos Haksef, Managing Partner at TWG Global, noted that while markets have priced in a risk premium, they remain largely unprepared for a major physical supply disruption. Consequently, the potential for a sustained period of oil prices exceeding $100 continues to exert upward pressure on energy benchmarks and global inflation expectations.