Oil spikes on Gulf risk

Oil jumped: Brent traded near $103.14 (+2.67%) and WTI near $98.71 (+3.11%) amid the Gulf escalation — markets swung as much as ~20% up then ~10% down, stirring margin‑call pressure on equities social market post social followup. Traders and risk teams are watching Strait of Hormuz exposure as reports of strikes across Saudi and neighbouring states drive the move WION coverage of attacks.