Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies.
Brent crude - the global benchmark for oil prices - rose more than 5% on Thursday after several days of increases as the US stepped up military strikes against Iran.
Prices spiked after Houthi militia attacked oil tankers in the Red Sea, threatening a key export route that Saudi Arabia has used to bypass the Strait of Hormuz.
Unverified
Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies.
Brent crude - the global benchmark for oil prices - rose more than 5% on Thursday after several days of increases as the US stepped up military strikes against Iran.
Prices spiked after Houthi militia attacked oil tankers in the Red Sea, threatening a key export route that Saudi Arabia has used to bypass the Strait of Hormuz.