Brent crude hits $100/bbl, first since July 24

The return to triple-digit Brent marks a psychological threshold that could amplify risk-off sentiment across macro markets, particularly for rate-sensitive assets. For crypto and RWA markets, the key transmission channel is inflation expectations and central bank policy recalibration, which directly impacts liquidity conditions and discount rates used in tokenized asset valuations. The open question is whether this is a brief spike or the start of a sustained supply-driven regime; sustained strength would likely tighten financial conditions globally. Watch how equity and bond markets price the inflation pass-through in the coming sessions, as that will set the tone for risk appetite.