Iran War: Oil prices surge past $100 per barrel as attacks on fossil fuel infrastructure intensify

James Murray
clock • 6 min read
The Strait of Hormuz - Credit: iStock
Image:

The Strait of Hormuz - Credit: iStock

Oil prices spiralled past the $100 per barrel mark in early trading this morning, peaking at just below $120 before falling back slightly

Oil prices rose sharply this morning, passing the symbolic $100 per barrel mark for the first time since the immediate aftermath of Russia's invasion of Ukraine in 2022. Prices of Brent crude initially...

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