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World · 1 hour ago

Brent crude rises above $100 as Iran-US attacks threaten oil supplies

Brent crude rises above $100 as Iran-US attacks threaten oil supplies

Brent reached $101.61 a barrel on Thursday, while WTI rose to $96.54 as traders prepared for possible supply disruptions. Iran said it attacked 10 ships near Hormuz after the US sank five Iranian oil tankers on Wednesday. Dated Brent has stayed above $100 since September 3, while China has recently increased crude buying.

Reported by Reuters · How we write briefs

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