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Oil prices cross $100 a barrel amid Iran conflict

Original: Global oil prices cross $100 a barrel as Iran war sends fuel prices surging

Global oil prices have surged past $100 a barrel as the war involving Iran drives fuel costs sharply higher. Markets are reacting to fears that the conflict could disrupt oil supplies from the Persian Gulf, one of the world's key producing regions. The spike raises the prospect of more expensive petrol, heating and transport costs for consumers and businesses worldwide, with economists watching for further escalation.

Why now: The Iran conflict has raised fears of disrupted oil supplies, pushing prices past a symbolic $100 threshold.

Iranoil marketPersian Gulf

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