Oil and gas prices resume rise after Iran attacks production facilities

Brent crude price climbs as operations suspended at Shah gasfield in UAE after Iranian strikeBusiness live – latest updatesMiddle East crisis – live updatesOil and gas prices have risen again after Iran carried out attacks on production facilities for the first time since the start of the war with the US and Israel.Brent crude, the international benchmark oil price, climbed 3% to $103.2 (£77.52) a barrel on Tuesday and was up nearly 50% from levels before the war began on 28 February. Wholesale gas prices rose nearly 3% to €52 (£45) a megawatt hour, compared with about €30 before the war. Continue reading...