Brent crude breaks above $110 a barrel, up 7.1% in 24 hours

A 7.1% single-day move in Brent is a volatility event, not a drift, and it lands on a benchmark that feeds directly into transport, freight and input costs across the real economy. For crypto and RWA markets, the transmission channel runs through the inflation and rate narrative: an energy spike of this size complicates any easing expectations that risk assets have been pricing. Whether this holds above $110 or fades is the open question — a one-session spike and a sustained repricing carry very different implications for tokenized commodities and yield-bearing RWA products.