WTI crude jumps 2% to $92.85/barrel

The 2% jump underscores how sensitive the oil market remains to geopolitical headlines, with the move driven more by risk premium than physical supply shifts. For macro and crypto/RWA desks, this matters because sustained energy price strength can feed inflation expectations, which in turn influence rate-cut pricing and risk asset liquidity. The immediate question is whether this is a one-off spike or the start of a sustained repricing, which will depend on whether diplomatic channels show progress or tensions escalate further.