● BRENT CRUDE JUMPS 2% ON GULF ATTACKS

Brent crude, tracked by funds like $BNO, reversed an early drop and closed up 2% at $106.80 a barrel on Monday as two separate conflicts reignited supply fears. Ukrainian President Volodymyr Zelensky said Russia had already broken the energy ceasefire brokered last week, undercutting the hopes that opened the session lower. At the same time, a Houthi strike on Riyadh's international airport killed 13 people, and oil tankers were struck near the Strait of Hormuz, reviving the Gulf risk premium that has shadowed the market since September.