Brent tops $105 as Hormuz blockade reignites inflation

WTI rose about 1% to $99.06, while Brent climbed to $105.07. Aramco's CEO warned of roughly 100 million barrels of weekly supply losses. Trump's comment that the U.S.-Iran ceasefire is fragile, plus halted Hormuz traffic, widened the risk premium and added to global inflation pressure.