Oil price hits $100 as new Gulf ship attacks raise supply fears
Oil prices jumped to around $100 a barrel after fresh attacks on ships in the Gulf, with two foreign tankers hit near Umm Qasr and another incident reported north of Jebel Ali; casualties reported and terminals suspended as tensions in the Strait of Hormuz intensify. Analysts point to supply concerns as Iran threats persist, and major economies have pledged to release emergency oil reserves to cushion the impact.
