Brent crude tops $101 a barrel as Strait of Hormuz attacks rise and Gulf Coast storm looms

Brent rebounded above $101 as escalating Strait of Hormuz attacks and a Gulf Coast storm threat raise near-term supply disruption risk. WTI also firmed, while constrained refining capacity is amplifying price pass-through into gasoline and diesel. Policy discussion of a federal gas-tax suspension highlights political pressure to offset higher energy costs, but does not address the underlying supply and logistics risks driving crude and products higher.