Brent Crude Oil Briefly Tops $100 A Barrel As Iran Attacks On Shipping Worsen Supply Concerns
HuffPost
The price of a barrel of Brent crude oil, the international standard, has topped $100 a barrel again, jolting markets just days after it spiked near $120.
BANGKOK (AP) — The price of a barrel of Brent crude oil briefly topped $100 a barrel early Thursday, just days after it spiked near $120 in the latest jolts to financial markets and the global economy as a whole.
Oil prices initially shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz. The U.S. campaign of airstrikes in Iran is now in its 13th day.
U.S. benchmark crude oil jumped 4.5% to about $91 a barrel. Brent, the international standard, was trading 5.3% higher at about $97 per barrel.
Iran has escalated its attacks aimed at generating enough global economic pain to pressure the United States and Israel to end the war. But there was no sign the conflict was subsiding.
Iran has targeted oil fields and refineries in Gulf Arab nations and effectively stopped cargo traffic through the narrow Strait of Hormuz, through which a fifth of all traded oil passes.
The Best Supporting Actor winner wasn't on hand to accept his statuette for his performance in "One Battle After Another."
Foreign Minister Abbas Araghchi says Iran is open to helping other countries' safe passage through the Strait of Hormuz.
Chris Wright boasted he's "proud" of Trump’s handling of the Iran war, claiming the president is "all about low gas prices, low diesel prices, low energy prices.”
Even some of the president's supporters are questioning his plan and his overall poll numbers are declining.
“Every time a new headline is dropped, it feels personal.”
With the help of millions in special interest cash, two former Illinois House members could head back to Washington.
The president shared an image on Saturday celebrating his impact on the free press.
Sen. Mark Kelly (D-Ariz.) was persecuted last year by Defense Secretary Pete Hegseth for reminding U.S. troops that they can defy unlawful orders.
The "Real Time" host on Friday expressed bewilderment about the U.S. failing to secure the Strait of Hormuz after previously admitting support for the war.
President Donald Trump lambasted news outlets over a report on Iranian missiles hitting U.S. tanker planes.
Trump already endorsed the Republican running in the coming special election, even though his home is not in the district and he is registered to vote at a motel a half hour away.
Trump announced the strike on Kharg Island just hours after the interview aired.
The report also said authorities have not revealed his real name.