$100 Oil: Middle East Attacks Spark Global Price Surge

The price of oil has surged past $100 a barrel after attacks on Middle Eastern oil facilities and ships threatened to disrupt an already strained supply chain.

Brent crude, the international standard, jumped nearly 3% to $100.72 early Wednesday, marking the first time it had reached this level in almost six weeks.

The recent wave of attacks has added to concerns about global oil supplies, which were already under pressure due to a range of factors, including geopolitical tensions and production constraints.