Brent crude nears $100 per barrel amid yen strength. New all-time high by December 31 at 10.5% YES.

Brent crude moved closer to $100 as renewed U.S.-Iran tensions and threats to Gulf shipping raised fears of prolonged oil supply disruptions.

Brent crude oil futures hit a more than six-week high on Wednesday (Sep 9).

The Japanese yen marked a significant climb on Wednesday, nearing its highest level since February as oil prices soared toward $100 per barrel due to escalating tensions in the…