Brent crude drops to $95 after topping $100 — volatility near Bab al-Mandab

Brent crude fell back to $95 per barrel on Friday after surpassing $100 on Thursday. Analysts point to high price volatility driven by tensions in the Persian Gulf region and near the Bab al-Mandab strait connecting the Red Sea with the Gulf of Aden and the Indian Ocean. The situation on this key shipping route remains uncertain.