Commodities
Oil Prices Spike Above $100 a Barrel Amid Middle East Tensions
The price of Brent crude oil surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain.
The U.S. military reported striking five Iranian tankers in response to attempted missile attacks on a Navy warship, while attacks by an Iranian-backed Houthi rebel group ignited fires at oil facilities in Saudi Arabia.
Crude oil prices shot up after Israel and the United States initiated a war with Iran, fluctuating a great deal during the more than six months since then.