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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Oil prices jump to 100 dollars a barrel after Red Sea shipping attacks

Oil Donal Trump Iran Red Sea United States
The UK Government has indicated its support for new licensing in the North Sea, expanding oil and gas operations (Jane Barlow/PA) -

The price of oil shot up to 100 US dollars a barrel on Thursday for the first time in two months after fresh attacks in the Red Sea threatened to escalate the Middle East conflict further.

The benchmark oil price has steadily risen in recent weeks since the US-Iran ceasefire deal broke down.

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