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Oil Prices Top $100 Per Barrel Amid Iran-US Tensions

Guavy AI Editorial Team
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Oil
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Oil prices have surged past $100 per barrel for the first time since July as tensions between Iran and the US continue to escalate.

The price of Brent crude oil, a global benchmark, rose by approximately 2.7% on Wednesday, reaching $100.57 per barrel for contracts with November deliveries.

In response to the US Central Command's statement that it destroyed five Islamic Revolutionary Guard Corps oil tankers, the IRGC issued a warning advising all oil tankers in Kuwaiti and Bahraini waters to evacuate.

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