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Oil surges 5%, Brent and US crude both over $100 on more tanker attacks
Oil prices jumped 5% to above $100 a barrel as escalating US-Iran fighting and attacks on tankers raised fears of wider supply disruptions. Brent hit $106.60 while WTI crossed $100. Rising Chinese demand and tighter OPEC output are adding to market pressure, keeping traders focused on the risk of further supply shocks.
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nbcnews.com
Oil nears $100 on reports of new U.S. strike in Iran and attacks on Saudi infrastructure
Experts warn that oil could exceed $120 per barrel if such attacks and reduced traffic in the Strait of Hormuz persist.
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cnbc.com
Brent crude tops $100 for first time since July as fighting escalates in Persian Gulf
Oil prices extended gains on Wednesday as escalating tensions between the U.S. and Iran fueled concerns over further disruptions to Middle East energy supplies.
