Oil prices have surged above $100 a barrel as fighting between the U.S. and Iran intensifies, raising fresh concerns for consumers and businesses around the world.

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