Brent crude tops $100 after US strikes on Iranian tankers
Brent crude rose 2.1% to $99.93 by 0910 BST, breaching $100 earlier. West Texas Intermediate was up 1.6% at $94.53 after US military strikes on Iranian oil tankers near Kharg island.
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Brent crude rose 2.1% to $99.93 by 0910 BST, breaching $100 earlier. West Texas Intermediate was up 1.6% at $94.53 after US military strikes on Iranian oil tankers near Kharg island.
Brent crude rose above $99 a barrel to a near seven-week high, edging toward $100 after the US struck several Iranian tankers near Kharg Island. The move comes amid broader tensions and supply-disruption concerns.
European stocks ended near flat while Brent climbed above $97, German Bund yields rose and Germany’s AfD won a major state-level vote, deepening political uncertainty.
Brent crude rose above $96 a barrel after fresh U.S. strikes on Iranian targets and Iranian retaliation across the Middle East raised Strait of Hormuz fears.