Oil prices hit $100 for the first time since May
The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.
Reageer 13 bronnen
The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.
Intensifying fighting between the United States and Iran has largely halted traffic through the Strait of Hormuz, driving the price of Brent crude to $90 a barrel.
Brent crude climbs more than 4 percent as Washington and Tehran clash over control of critical waterway.
Brent crude holds steady despite plunge in traffic in critical waterway.
The price of Brent crude has reached its lowest since February 27, before the war started.
Brent crude drops to lowest price since early March before signing of framework deal to end US-Israel war on Iran.