Brent oil price crosses $100 as the Middle East conflict, Houthi attacks and Strait of Hormuz disruptions raise fears of a global oil supply shock. | Business News

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

Brent crude oil futures hit a more than six-week high on Wednesday (Sep 9).