Oil prices near $100 a barrel after US attacks Iran and Houthis hit tankers in Red Sea – business live
Live, rolling coverage of business, economics and financial markets as traders fear attacks from Yemen and Iran creating ‘two-chokepoint problem’Oil prices have jumped by 3.7% this morning as the backlash from the US war in Iran appeared to spread to the Red Sea.The price of futures for Brent crude oil, the global benchmark, rose by 3% on Thursday to reach as high as $97.45 per barrel, approaching the $100 mark for the first time since May. Continue reading...
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