Oil prices breach $100 as Iran-US attacks escalate

NEWS SUMMARY

Brent crude futures surpassed $100 a barrel, settling at $101.21, following simultaneous attacks on tankers by Iran and the United States on Wednesday. This escalation marks the most significant assault on shipping since the conflict began, pushing oil prices above the key psychological threshold for the first time since late May.

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Brent crude futures breached $100 a barrel on Wednesday to settle at their highest close since late May after Iran and the US struck tankers in the biggest wave of attacks on shipping since the war began. Front-month Brent crude futures settled up $3.

Oil prices breach $100 as Iran-US attacks escalate

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