Brent crude tops $100 as Middle East conflict escalates

9 min agoBrent crude oil reached $100 a barrel for the first time since July as military escalation between the US and Iran disrupts energy markets. The US military destroyed five Iranian tankers in response to Iranian attempts to strike a US Navy warship, while Chinese oil demand has resumed after a months-long buying pause.

39 min agoBrent crude rose 2.1% to above $100 a barrel for the first time since July as fighting intensified between the US and Iran in the Gulf. Houthi forces attacked several Saudi cities while the US military said it destroyed five Iranian tankers carrying crude.

1 h agoThe actor's four-storey oceanfront property in Malibu was struck by coastal erosion and a sinkhole that nearly engulfed the garage. The home was purchased for $10.5 million in 2024.

1 h agoBrent crude futures rose past $100 a barrel on Wednesday for the first time since July 24, climbing $2.15 to $100.07 as escalating conflict in the Middle East fuelled concern about regional oil supplies. Houthi attacks on Saudi energy facilities this week have raised fears of disruption to shipments through the Red Sea, while flows through the Strait of Hormuz have fallen sharply since fighting resumed on August 30.

2 h agoWednesday marks the end of 13 days of mourning for Norway's King Harald V, who died at 89. His funeral will unfold across multiple ceremonies, drawing vast crowds to the capital.

2 h agoBrent crude has risen above $100 a barrel amid intensifying tensions in the Middle East. The cost of crude has climbed 40 percent since the start of the war in Iran, driving up prices for gasoline, diesel and other refined fuels.

2 h agoTrey Parker and Matt Stone announced Tuesday that the animated series will be called South America, a satirical jab at President Trump's efforts to rename geographic locations. The change coincides with the premiere of season 29 on Wednesday.

3 h agoAmerican forces targeted multiple vessels connected to Iran's Revolutionary Guards after fresh attempts to strike a US Navy warship. Iran retaliated by launching missiles at American installations in Jordan. Crude oil prices advanced toward $100 per barrel amid the escalating cycle of military exchanges.

4 h agoMore than 150 flights were scrapped across the UK on Wednesday as the National Air Traffic Services worked to recover from a technical glitch. The cancellations came after 1,300 flights were cancelled the previous day, with nearly all the latest disruptions affecting Heathrow in London.

4 h agoJessica Pegula defeated Emma Navarro 3-6, 6-4, 6-3 in an all-American quarterfinal to advance to the US Open semifinal. Pegula will face Aryna Sabalenka, who beat her in the 2024 final and 2025 semifinal at the tournament.