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Global oil surges above US$100 a barrel as US and Iran launch new attacks
NEW YORK (AP) – Global oil prices shot past US$100 a barrel on Wednesday as fighting between the United States and Iran escalated, threatening to increase costs for consumers and businesses worldwide. Brent crude, the international standard, climbed into triple digits after attacks on oil facilities and ships in the Middle East that could further debilitate an already weakened supply chain – and continued to hover just above the US$100 threshold as of midday trading in the US. That last time prices were that high was in July.
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independent.co.uk
Goldman Sachs warns oil could surge to $120 a barrel if attacks on Hormuz continue
Brent crude oil prices are on track to surpass $100 per barrel for the first time since July
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economictimes.indiatimes.com
Brent crude oil price nears $100 as attacks on tankers threaten to worsen supply shock
Oil prices climbed to a six-week high as US-Iran attacks on commercial vessels disrupted Strait of Hormuz shipping. Falling tanker traffic has heightened fears of a supply shock,…
