Oil prices jumped again on Thursday as the war with Iran tightened its grip on the global economy, sending stock markets worldwide lower.
Brent crude, the international benchmark, briefly rose above $119 a barrel before easing back to $110.80, still a 3.2% increase from the previous day. US crude added 0.7% to $96.09 after Iran intensified attacks on oil and gas facilities in the Gulf in retaliation for an Israeli strike on a major Iranian gas field.
