Oil back at $100 signals growing market war worries

Our Economics Reporter Neil MacDonald spoke to Krishnan Guru-Murthy about the impact that conflict in the Middle East is now having on the economy.

Global crude oil prices have surged above $105 per barrel as escalating tensions in the Middle East raise concerns over disruptions to energy supplies and key shipping routes. Brent crude, the global benchmark, rose by around $4.19 to $105.40 per barrel, while US West Texas…

Australian motorists and businesses face higher costs after Brent crude oil broke back above a key level a barrel overnight.

The price of oil returned to triple digits in US dollars, as conflict in the Middle East threatens supply chains and puts a strain on global reserves.

The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.

There is mounting concern over the impact of intensifying hostilities in the Middle East on the global economy, as oil prices topped $100 a barrel again.

There is mounting concern over the impact of intensifying hostilities in the Middle East on the global economy, as oil prices top $100 a barrel again.

Oil nears $100 as fresh Middle East strikes raise supply risks