Brent Crude spikes 7% to $120 as Iran strikes UAE in major geopolitical escalation!

Brent Crude surged 7% to $120 per barrel following an Iranian attack on the UAE, triggering an immediate flight-to-safety repricing across energy markets. The move marks one of the sharpest single-session oil spikes in recent memory, driven by fears of supply disruption in one of the world's most critical oil transit corridors.

The UAE sits at the heart of Gulf energy infrastructure, and any sustained military escalation in the region raises the prospect of disruptions to both production and shipping through the Strait of Hormuz — a chokepoint that handles roughly 20% of global oil flow. Markets are now pricing in a meaningful risk premium that could persist well beyond the initial shock.

Risk assets broadly are under pressure as traders reassess exposure to a Middle East conflict that could draw in wider regional actors. Energy-importing economies and inflation-sensitive central…