Commodities
Brent Crude Tops $100 as Tensions with Iran Escalate
Brent crude oil prices have reached a new milestone of $100.96 per barrel as tensions escalate between the US and Iran.
The global benchmark for crude oil topped $100 for the first time since July, driven by supply and demand in the world market.
Oil prices closely follow movements in the global market, with U.S. gas prices affected by these fluctuations.
The recent developments in the Strait of Hormuz, where a fifth of the world's oil passes through, have pushed oil prices up once again.