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Brent Pierces $100 as Escalating US-Iran Conflict Threatens Oil Supplies

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Brent crude breached $100 per barrel as intensifying military conflict between the U.S.
  • and Iran threatens key Middle East oil shipping routes.
  • Despite brief early-session profit-taking, Strait of Hormuz supply risks remain elevated, with Chinese crude import demand serving as a critical indicator for rally sustainability.
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BRENT price history

104.61 +64.07% over the displayed period

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