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Brent crude back above $100 a barrel on Mideast war

Middle East News

12-03-2026 | 02:01

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Brent crude back above $100 a barrel on Mideast war

Oil prices surged more than nine percent Thursday to break back above $100 a barrel after fresh Iranian strikes on supplies and infrastructure in the Middle East overshadowed a record release of stockpiles by the International Energy Agency.

Brent crude jumped 9.3 percent to $100.50, while West Texas Intermediate was up 8.8 percent at $94.92 at around 0305 GMT.

AFP

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