Brent crude surpasses $100 per barrel as US-Iran tensions disrupt Strait of Hormuz oil flows, raising inflation fears ahead of key Fed and ECB

Tanker attacks in Strait of Hormuz spark fears of wider supply disruption

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 moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the…