Iran war drives oil price above $100 a barrel for first time since 2022

Escalating military aggression in Middle East continues to wipe 20m barrels from market each day Global oil prices have breached the $100 (£74) a barrel mark for the first time since 2022 as escalating military aggression in the Middle East continues to wipe 20m barrels of oil from the market each day. Brent crude, the international benchmark, climbed 12. 2% to $104.