Author page: The Situation Report

Oil surges; Brent back at $100 as Iran steps up attacks on Gulf shipping

BEIJING/SINGAPORE, March 12 (Reuters) – Oil prices jumped on Thursday as Iran ‌stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of Hormuz. Brent futures rose $8.54, or 9.28%, to $100.52 a barrel at 0354 GMT, while U.S. West Texas Intermediate ​crude was up $7.22, or 8.28%,…

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