$100 Oil: Middle East Attacks Spark Price Surge

The price of oil has surged past $100 a barrel for the first time in almost six weeks due to attacks on oil facilities and ships in the Middle East. The region's fragile supply chain is under threat, leading to a spike in prices.

The latest wave of attacks has debilitated an already weakened supply, causing oil prices to rise. This development comes as no surprise, given the volatility of the global energy market.

As tensions continue to escalate in the Middle East, investors are bracing themselves for further price hikes. The region's oil-producing countries have been affected by the attacks, which has exacerbated the supply shortage.