Oil hits $100 a barrel for first time in months as Middle East conflict intensifies again
North AmericaBusinessHigh confidence — 82/100
The price of oil breached the $100 threshold on Wednesday for the first time in months, as new flare-ups in the United States’ war with Iran stoked fresh concern for global energy markets.
military said it destroyed five Iranian tankers in response to attempted missile attacks on a Navy warship.
As Donald Trump’s war on Iran spreads further throughout the Middle East, the cost of oil has soared as traders show concerns over inflation.
Confirmed
military said it destroyed five Iranian tankers in response to attempted missile attacks on a Navy warship.
Unverified
The price of oil breached the $100 threshold on Wednesday for the first time in months, as new flare-ups in the United States’ war with Iran stoked fresh concern for global energy markets.
As Donald Trump’s war on Iran spreads further throughout the Middle East, the cost of oil has soared as traders show concerns over inflation.