Brent crosses $100 mark as Tehran warns of retaliation.

Washington and Tehran appear close to agreeing on ending the Middle East war that has effectively closed the Hormuz strait, driving up energy prices and stoking global inflation.

Oil rebounded as fresh U.S. military strikes in Iran clouded the outlook for a deal to reopen the Strait of Hormuz. Read more.

It was a ‘messy’ morning for global markets, an analyst says