Brent crude surpasses $100 a barrel as Iran, US escalate attacks
- Investors eye inflation and central bank tightening as oil breaches the symbolic threshold once again.
- Global stocks have come under pressure and Brent crude oil surpassed $100 a barrel as escalating fighting across the Middle East stokes fears of energy-driven inflation.
- The benchmark crude contract rose to $100.19 on Wednesday, its highest level since July 24, when a memorandum of understanding between the United States and Iran was in place, and its price was on the downswing.
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- Investors eye inflation and central bank tightening as oil breaches the symbolic threshold once again.
- Global stocks have come under pressure and Brent crude oil surpassed $100 a barrel as escalating fighting across the Middle East stokes fears of energy-driven inflation.
- The benchmark crude contract rose to $100.19 on Wednesday, its highest level since July 24, when a memorandum of understanding between the United States and Iran was in place, and its price was on the downswing.
Sources: Al Jazeera