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...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Combining solar and air con promises to deliver free cooling

Study: Combining solar and air con promises to deliver free cooling

Ember study explores how heatwave impacts could be eased by deploying solar panels and air conditioning units in tandem

clock 24 June 2026 • 2 min read
Climate Group launches 24/7 Carbon Free Coalition

Climate Group launches 24/7 Carbon Free Coalition

Global businesses join new coalition to demonstrate how 24/7 carbon free electricity could define next era of corporate clean energy procurement

clock 23 June 2026 • 3 min read
'Time to come clean': UN Secretary General pushes for action on methane and AI energy use

'Time to come clean': UN Secretary General pushes for action on methane and AI energy use

António Guterres calls on fossil fuels, agriculture, waste, and AI tech sectors to step up climate action in support of new UN clean energy transition blueprint

Michael Holder
clock 23 June 2026 • 6 min read