NEW YORK: International oil benchmark Brent spiked above US$100 a barrel Wednesday (Sep 9) for the first time since late July following renewed US-Iran hostilities, stoking fears of price increases and interest rate hikes.The jump in crude prices - with Brent up more than 3 per cent to US$101.21 a barrel - dr

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 for November delivery rose above US$100 a barrel on Wednesday for the first time since late July, in a session shaped by escalating attacks between the United States…