The price of a barrel of Brent crude oil has exceeded $ 100, trading data show.
As of 6:26 a.m., the price of May futures has risen by 9.42% from the previous close, reaching $ 100.64.
April WTI futures rose by 9.26% to $ 95.33 a barrel.
The conflict between Israel and the United States with Iran has effectively stopped shipping through the Strait of Hormuz, a key route for energy supplies from the Persian Gulf to world markets.
On Monday, Brent crude prices rose above $119 per barrel for the first time since June 2022, an increase of 29-31%.
By the evening of the same day, they began to fall. As of 5:58 p.m. on Wednesday, the price was $90.86 per barrel.