Brent Oil Price Crosses $100: Why Middle East Conflict Is Driving Crude Prices Higher

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On the road from Hormus there are new attacks, the important oil transport route remains contested. This has consequences far beyond the region.

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The reason is further, mutual attacks by the USA and Iran around important oil transport route through the Strait of Hormus. If the price of crude oil rises, the fuelling and heating with oil and gas tends to be more expensive.

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On the road from Hormus there are new attacks, the important oil transport route remains contested. This has consequences far beyond the region.

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Here you can find information on the topic "Energy." Read now "Middle East Attacks Drive Crude Oil Price Over $100.

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The price of Brent oil passed Wednesday, 9 September, from the threshold of 100 dollars per barrel, for the first time since 24 July. The increase comes on the basis of the intensification of the conflict in the Middle East and the fears that the new attacks could affect even more the oil flows in the region.