The latest US-Iran escalation has disrupted Gulf oil flows, but Brent remains below $100. Why isn’t oil above $100 despite supply disruptions? Key points and original sources are listed below.

• The latest US-Iran escalation has disrupted Gulf oil flows, but Brent remains below $100. This explainer looks at the supply, demand and physical-market forces keeping prices in check.S1

• Why isn’t oil above $100 despite supply disruptions?S2

• Global oil prices remain below one hundred dollars per barrel. Significant volumes continue to flow through the Strait of Hormuz. Gulf exporters utilize alternative routes and means to mitigate shortfalls. Other producers are stepping up output to fill supply...S3