Global oil prices are back at $100 per barrel, rising to their highest levels since July as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.

Brent crude moved closer to $100 as renewed U.S.-Iran tensions and threats to Gulf shipping raised fears of prolonged oil supply disruptions.

Oil prices surge as Brent nears $100 after Saudi energy attacks and Iran-US threats raise fears of supply disruptions through the Strait of Hormuz. | Business News