US crude oil settled above $100 a barrel. That number changes everything for global markets.
The Big Picture American oil prices ended the session above $100 for the first time since the US and Israel launched a war against Iran. This level hasn't been seen since 2022, when energy prices hit historic highs during the post-pandemic supply crunch.

The move reflects persistent geopolitical tensions now colliding with more complex market dynamics. Investors face a landscape where traditional assets show increasing volatility.
“Oil prices act as a thermometer for geopolitical risk and structural inflation.”


