Brent Crude Surges Above $108 a Barrel on Middle East Supply Concerns

• Brent crude surged above $108 per barrel as Middle East uncertainty heightened concerns over global oil supply disruptions.
• Threats to tanker traffic through the Strait of Hormuz could tighten supplies, increasing competition among buyers.
• Sustained higher energy prices could fuel inflation, complicating central bank efforts to cut interest rates as economic growth slows.
• Petroleum-importing developing economies face pressure on foreign exchange reserves and currencies, while oil-intensive businesses risk weaker earnings.
• Easing tensions or stronger supply could lower prices; further escalation could prolong energy-market volatility.

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