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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.
Brent crude futures topped $100/bbl on Wednesday for the first time since July 24 as escalating Middle East attacks, including on tankers, heightened concerns about energy flows through the Strait of Hormuz.