Brent climbs back above US$100 to its highest level since late July

AI Summary

Brent crude oil prices rose above US$100 per barrel for the first time since late July amid escalating US-Iran tensions and fears of supply disruptions in the Middle East. The price increase reflects market concerns over regional stability impacting energy supplies.

Brent crude for November delivery rose above US$100 a barrel on Wednesday for the first time since late July, in a session shaped by escalating attacks between the United States and Iran and by fears of further supply disruptions in the Middle East.