Oil has topped $100 a barrel for the first time in two months, as a fresh escalation of the Middle East conflict threatens a further squeeze on global oil supplies.

Brent crude rises above $100 amid Middle East conflict fears. New all-time high by December 31 at 16% YES.

Global supply disrupted by US-Iran aggression in strait of Hormuz and Houthi threats in Bab el-Mandeb

Crude oil prices jumped to six week high on Thursday, with Brent rising above the $96-a-barrel mark and US benchmark WTI climbing past $88, as the Middle East conflict showed no…