Oil crosses $100 for first time since 2022 as Iran war keeps Strait of Hormuz closed, forces shutdowns
Oil prices surpassed $100 a barrel for the first time since the early months of Russia’s invasion of Ukraine in 2022, with no signs of slowing in what has been the fastest oil rally since the 1980s. Futures on international benchmark Brent crude (BZ=F) and US benchmark West Texas Intermediate crude (CL=F) rose more than…