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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida

Oil prices rise sharply on Middle East tensions and US hurricane threat

Oil United States Hurricane Donald Trump Iran
Workers facilitate the offloading of crude oil from trucks on to a tanker ship at the Banyas Oil Terminal in Tartus, Syria
Crude oil is offloaded at the Banyas terminal in Tartus, Syria. Photograph: Anadolu/Getty

Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast.

Brent crude, the international benchmark, rose by 3.8% to $104 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets.

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