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The Guardian World
Oil prices rise above $100 a barrel for first time since July as Iran war escalates
Brent crude up by more than 2% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi citiesBusiness live – latest updatesThe price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middle East threatens further disruption to global supplies.Brent crude, the international benchmark for oil prices, rose 2.1% past the milestone after tensions increased in the Gulf amid the latest tit-for-tat exchange of fire between the US and I
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