Brent Crude Tops $110 a Barrel for First Time Since May 20; WTI Jumps 3.5%

The renewed push through $110 matters less for the headline level than for what it says about how quickly the recent calm in crude has unwound. The move is broad, with WTI's 3.5% gain confirming it is not a Brent-specific quirk, which tends to feed through to refined products and freight costs. For crypto and RWA markets, the relevant channel is the macro one: sustained energy strength complicates the disinflation narrative that has supported risk appetite. Whether this holds above the prior threshold or fades is the open question.