Oil surges past $100 a barrel again as US-Iran clashes intensify

AI Summary

Brent crude oil prices surged past $100 a barrel following escalating US-Iran tensions after US forces destroyed five Iranian tankers and Iran launched missile strikes in Jordan. The Strait of Hormuz remains largely closed, impacting global energy flows.

Brent crude has shot up to above $100 a barrel after US forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, the latest escalation in the conflict that has kept the Strait of Hormuz largely shut since February.