Brent crude oil tops $101 for first time since July as fighting escalates in Persian Gulf
- watch nowCrude oil prices jumped more than 3% on Wednesday as fighting between the U.
- and Iran escalates in the Persian Gulf, raising investors' fears that energy exports through the Strait of Hormuz will fall.
- Brent futures were up 3.4% at $101.25 a barrel by 11:12 a.m.
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- watch nowCrude oil prices jumped more than 3% on Wednesday as fighting between the U.
- and Iran escalates in the Persian Gulf, raising investors' fears that energy exports through the Strait of Hormuz will fall.
- Brent futures were up 3.4% at $101.25 a barrel by 11:12 a.m.
Sources: Cnbc