Crude Oil Weekly Outlook: Brent Closes Near 100 Entering the Third Week of the Middle East Conflict.Middle East supply disruptions are escalating further as the conflict extends into a third week, holding crude prices near $100 per barrel. Trump is attempting to persuade allies to align with his warships and reopen the Strait of Hormuz, aiming to relieve the global economy from steep supply disruptions across crude oil, jet fuel, and fertilizers.