Oil prices rise above $100 a barrel for first time since July as Iran war escalates

Brent crude rises by more than 2% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi citiesBusiness live – latest updatesThe price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middle East threatens further disruption to global supplies.Brent crude, the international benchmark for oil prices, rose 2.1% to over $100 a barrel after tensions stepped up in the Gulf amid the latest tit-for-tat exchange of fire between the US and Iran. Continue reading...