Brent crude surpasses $91: Supply concerns extend rally to fourth day

Brent crude oil prices continued their upward trajectory as the ceasefire between Iran and the US expired and security risks in the Strait of Hormuz escalated. These developments have brought supply concerns back to the forefront of market attention, with prices reaching $91.57 per barrel. The increase in oil prices has now extended into a fourth consecutive trading session, gaining notable momentum. Geopolitical tensions are heightening investors' risk perception regarding global energy supply, and the movement in Brent crude prices is being closely monitored by market participants. The strategic importance of the Strait of Hormuz has become more pronounced amid rising security risks in the region. This has reinforced concerns about potential disruptions to oil supply, serving as a key factor supporting the upward price movement. Experts note that, alongside geopolitical developments, global demand expectations are also influencing prices. However, in the current environment, supply-side risks appear to be more dominant in pricing. This is not investment advice.