Brent crude jumps 4% to $101.85/barrel

The 4% jump to triple digits signals that geopolitical risk is now the dominant pricing factor for crude, overshadowing demand-side fundamentals. This directly impacts energy-dependent sectors, inflation expectations, and central bank policy calculus, making the move a macro event rather than a commodity-specific one. The key question is whether this spike is a short-term shock or the start of a sustained repricing, which will hinge on whether supply disruptions materialize or de-escalation occurs. Watch for how downstream markets—fuels, airlines, and petrochemicals—absorb this cost pressure in the coming sessions.