THENATIONALPULSE (Pulse Wires) - Oil Back Above $100 a Barrel Following Fresh Iran Clashes.
The ongoing conflict between the U.S. and Iran has driven oil prices back above $100 per barrel, raising concerns over global energy supplies and inflationary pressures. PULSE POINTS WHAT HAPPENED: Oil prices rose above $100 per barrel for the first time since July following U.S. strikes on Iranian oil tankers on Tuesday, reportedly in […]
The ongoing conflict between the U.S. and Iran has driven oil prices back above $100 per barrel, raising concerns over global energy supplies and inflationary pressures. PULSE POINTS WHAT HAPPENED: Oil prices rose above $100 per barrel for the first time since July following U.S. strikes on Iranian oil tankers on Tuesday, reportedly in response to missile attacks targeting a U.S. Navy warship. Iran retaliated by striking at a U.S. military base in Jordan, while Houthi forces backed by Tehran launched attacks on Saudi Arabian oil infrastructure . DETAIL: The Iran war has disrupted energy markets, with Brent crude briefly exceeding $100 per barrel after the exchanges before settling around $99.50. British and European Union gas prices…Open