The global price of oil topped $100 a barrel on Wednesday for the first time since July 24, as continued tensions between Iran and the United States added to uncertainty over supply.
U.S. Central Command said on Tuesday that its forces destroyed five Islamic Revolutionary Guard Corps oil tankers. The IRGC followed the strike by issued a warning that all oil tankers in Kuwaiti and Bahrani waters be evacuated.
Brent crude oil prices, a benchmark for global trading, climbed on Wednesday by about 2.7%, trading at about $100.57 a barrel for contracts with November deliveries.
U.S. oil traded at about $95 a barrel, up by about 2%.
This is a developing story. Please check back for updates.
