Oil hits $100 a barrel for first time since July after US and Houthi strikes
North AmericaBusinessHigh confidence — 79/100
4 hours agoClaire KeenanandDavid GrittenOil prices rose to $100 (£74) a barrel on Wednesday, after the US and Iran attacked tankers in the Gulf region and Yemen's Houthis hit oil facilities in Saudi Arabia.
Overnight, the US said it struck five Iranian tankers in retaliation for Iran's targeting of a warship, while Iran's Revolutionary Guards said they attacked eight tankers and two warships in response, as well as a US base in Jordan.
The Guards also said they planned a new "prohibited zone" for shipping that extended beyond the Strait of Hormuz into the Arabian Sea.
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4 hours agoClaire KeenanandDavid GrittenOil prices rose to $100 (£74) a barrel on Wednesday, after the US and Iran attacked tankers in the Gulf region and Yemen's Houthis hit oil facilities in Saudi Arabia.
Overnight, the US said it struck five Iranian tankers in retaliation for Iran's targeting of a warship, while Iran's Revolutionary Guards said they attacked eight tankers and two warships in response, as well as a US base in Jordan.
The Guards also said they planned a new "prohibited zone" for shipping that extended beyond the Strait of Hormuz into the Arabian Sea.