It's the first time oil has risen above that benchmark of $100 since late May. Stocks sank under the pressure of rising oil prices, while companies with big fuel bills fell on worries about higher expenses.

Oil prices surged past $100 a barrel on Thursday as Iran-backed Houthi rebels targeted Red Sea shipping as threats by US President Donald Trump to strike them in return sent…

Oil prices climbed for a fifth straight session, with Brent surpassing $98 per barrel as Houthi attacks on Saudi-linked tankers heightened fears of supply disruptions through the…