Brent Crude Hits $100 as Iraq Halts Port Operations After Tanker Attacks

Following the attack, Iraqi authorities halted activity at the country's oil terminals, further tightening supply concerns.

Following the attack, Iraqi authorities halted activity at the country's oil terminals, further tightening supply concerns. Brent crude surged 10%, back towards the $100-a-barrel mark, while West Texas Intermediate (WTI) surged close to $94, as traders reacted to the heightened geopolitical risk and the potential impact on global supply.