Brent crude oil prices held above $100 per barrel amid escalating tensions in the Middle East involving attacks on energy infrastructure.

According to reports, Iran has increased attacks targeting key energy infrastructure in the region. The attacks have contributed to market concerns about potential disruptions to global oil supplies.

The situation has also involved discussions about the Strait of Hormuz, a critical shipping lane for global oil transportation. Former President Trump reportedly called on U.S. allies to assist with efforts to reopen the strait, though allies have reportedly declined to participate in such efforts.

The Strait of Hormuz serves as a vital chokepoint for international oil shipments, with any disruption potentially affecting global energy markets. The waterway handles a significant portion of the world's crude oil and petroleum product shipments.

Oil markets have remained sensitive to geopolitical developments in the Middle East, where much of the world's oil production and transportation infrastructure is located. The current price levels reflect ongoing concerns about supply security in the region.