Brent crude rises 5% on US sanctions speculation

Brent crude oil prices gained approximately 5% intraday, driven by speculation that the US may impose new sanctions on Russia. The rally was also fueled by renewed concerns over energy supply security in the Strait of Hormuz, alongside heightened geopolitical tensions. Markets are focused on reports that the US administration could expand existing sanctions on Russia, raising the risk of a contraction in global oil supply and supporting prices. Additionally, elevated geopolitical tensions in the Middle East are fueling uncertainties regarding energy supply routes. Analysts note that this sudden surge in Brent crude could persist in the short term, but volatility may increase as sanction decisions become clearer. Investors are closely monitoring diplomatic developments between the US and Russia while adopting cautious positions against supply disruption scenarios. This is not investment advice.