Brent tops $100/bbl for first time since July amid U.S.-Iran strikes
Brent crude futures rose more than $3 around midday Wednesday, pushing the international benchmark above $100/bbl for the first time since July. The move cited new U.S.-Iran military strikes and Strait of Hormuz closure fears.
S. and Iran and fears of a prolonged Strait of Hormuz closure pushed the international oil benchmark above $100/bbl for the first time since July. m. ET, London-based November ICE Brent was trading above that level.