British families face a fresh cost of living squeeze after the price of oil topped $100 for the first time since July.

International oil benchmark Brent spiked above $100 a barrel Wednesday for the first time since late July following renewed US-Iran hostilities in the Middle East, stoking fears…

Brent crude prices surged past $100 a barrel Wednesday for the first time since July 24, as escalating conflict in the Middle East fueled worries about...