Brent crude oil surged near $100 as the International Energy Agency declared the largest supply disruption in global oil market history, triggering volatility across equity and volatility markets. The surge reflects escalating geopolitical tensions and broadening inflation concerns.
- Brent crude oil trading near $100 per barrel
- IEA identifies the largest supply disruption in global oil market history
- S&P 500 (^SPX) erased earlier gains amid market turbulence
- VIX (^VIX) rose as volatility increased
- Energy and defense sectors under heightened scrutiny
- Geopolitical tensions driving market repricing
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