Brent oil tops $100 a
Photo: Hakon Mosvold Larsen/NTB/TT

Brent oil tops $100 a barrel for first time since May

For the first time since May, a barrel of Brent oil now costs more than $100. Rising concerns over developments in the Iran conflict are behind this.

Since the beginning of July, when oil cost around $70 per barrel, the price has gradually risen and is now reaching its highest level in several months.

The surge comes after the Iran-backed Houthi movement carried out attacks on two Saudi tankers, prompting President Donald Trump to issue new threats against Iran and say it should be held accountable for the attacks.

AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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