Oil prices have risen more than 30% over the past month to surpass $100 a barrel, as renewed fighting between the United States and Iran in the Middle East threatens global energy supplies. The attacks in the Red Sea also add to the disruption in the Strait of Hormuz, putting two key oil shipping routes
Oil prices rose on Monday after the latest escalation in the conflict between the United States and Iran deepened the breakdown of a fragile ceasefire, reviving fears of disruptions to Middle East oil supplies. The United States resumed attacks on Iran earlier this month after an interim agreement collapsed as negotiations toward a broader deal
