🛢️ Brent crude hit ~$94 per barrel, up over 4% for the week, with WTI near $86.

INTELLIGENCE SUMMARY

🛢️ Brent crude hit ~$94 per barrel, up over 4% for the week, with WTI near $86. Both are up roughly 35-38% year-over-year. Trump's freeze on Iran talks and continued naval blockade are keeping the war premium elevated. Prices remain highly sensitive to any change in Hormuz traffic or diplomatic signals.