Brent crude climbs back above $110

Ongoing geopolitical tensions in the Middle East and the risk of attacks on energy infrastructure continue to fuel concerns about oil supplies. Potential disruptions to global energy shipments are among the factors that could keep prices elevated.

Rising oil prices could intensify inflationary pressures, particularly in energy-importing countries. Investors are closely monitoring developments affecting energy supply security, as well as their potential implications for the Federal Reserve's monetary policy.