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Iran war drives oil prices above $100 a barrel for first time since 2022

Donald Trump insists surge in energy prices is ‘very small price to pay’ as Middle East conflict rattles global marketsMiddle East crisis - live updates Global oil prices surged past the $100 (£74, AU$142) a barrel mark for the first time since 2022 as escalating military aggression in the Middle East continues to wipe 20m barrels of oil from the market each day.Brent crude, the international benchmark, jumped 16.6% to $108.10 a barrel as the new week’s trading began in the Asia Pacific markets, the first time that market prices have soared above this key psychological threshold since Russia’s invasion of Ukraine. Continue reading...

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