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Oil prices surged past $100 per barrel despite the historic release of reserves as Middle East conflict escalates

Oil tops again despite historic release of reserves

The head of Iraq’s ports company said that 38 crew members of two foreign oil tankers were rescued after an Iranian attack set them ablaze in Iraq’s territorial waters in the Gulf. Also, three vessels were hit by projectiles near the Strait of Hormuz, according to the UK’s maritime agency. Follow for live news updates.

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⚡ The price of a barrel of Brent crude oil jumped above $100 as the Iran war shows no signs of subsiding.

Breaking News

Oil prices surged past $100 per barrel despite the historic release of reserves as Middle East conflict escalates

Brent crude hits $100 a barrel as reserve release plans fail to ease Iran war-led supply worries

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