• Brent crude oil jumps $4pb on Thursday above $104 pb

• Higher oil prices undermine currencies of importers like euro

• Brent repeatedly peaked ahead $110 in Sep during peace talks in M/East

• Conflict continues amid an increase in attacks on shipping in the Gulf

• Attacks on tankers in Hormuz hit highest of any week since start of Iran war

• $114.37 key for techs - 78.6% (limit) correction of May-Jul drop

• Test of 2026 high at $126.41 likely if oil rises above $114.37

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Brent

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)