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International Business Times
International Business Times
Business

U.S. And Iran Keep Trading Strikes. Oil Is Back Above $100 After More Than a Month.

Iran Oil CENTCOM United States Goldman Sachs
Brent topped $100 a barrel on Wednesday as the U.S. and Iran keep trading strikes. (Credit: Getty Images)

Oil prices topped $100 on Wednesday as the U.S. and Iran kept trading strikes in the Strait of Hormuz and broader hostilities continued throughout the Middle East.

Brent crude, the international benchmark, climbed almost 3% and stood at $100.82 per barrel at 8:03 a.m. ET, while West Texas Intermediate, the U.S. benchmark, gained 2.82% and clocked in at $95.65 per barrel at the same time.

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