Global oil prices have surpassed the $100 mark, reaching $101.20. This increase is attributed to an escalating Middle East crisis. The surge in Brent crude prices follows recent attacks on the US and Iran's biggest tankers.

The price of $101.20 is the first time Brent crude has exceeded $100 since July 24, 2026.

Further information on the current state of global oil prices and the Middle East crisis can be found through Nairametrics.