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ME-crisis-being-compounded

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies
Brent crude oil rises above $100 a barrel as Middle East conflict intensifies
Brent crude futures breached $100 a barrel on Wednesday for the first time since July 24 as ​escalating attacks in the Middle East, including on tankers, stifled hopes of a normalisation of oil shipping in the region.The move brought futures prices into line with physical crude ‌and fuel markets, where prices have already been trading above the psychological threshold.Front-month Brent crude futures were up $2.74, or 2.8%, at $100.66 a barrel by 1315 GMT, after earlier touching $100.95. U.S. Wes...
Global Economy•09 September 2026