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.
Crude oil prices eased slightly on Thursday morning after briefly climbing above $100 overnight, as Iran moves to strengthen its hold over the Strait of Hormuz in an attempt to ramp up economic pain amid the ongoing war. Brent crude oil, the international benchmark, was trading about 4.7 percent higher at about $98 per barrel…
US stocks plummeted Thursday as oil prices hit $100 again and Iran’s new supreme leader vowed to keep the Strait of Hormuz blocked – meaning prices could stay higher for longer.
