Oil rises past $100 a barrel after the latest wave of Middle East attacks

The price of oil has risen above $100 a barrel for the first time since July. This increase comes after a series of attacks on oil facilities and ships in the Middle East, which have threatened to further disrupt an already strained supply chain, according to PBS NewsHour.

Brent crude futures reached $101.32 a barrel and US West Texas Intermediate crude rose to $96.48 a barrel. MyJoyOnline Ghana reported that these increases follow a significant escalation of attacks, with Iran claiming to have attacked 10 ships near the Strait of Hormuz and the US sinking five Iranian oil tankers.

The situation in the Middle East remains volatile, with the US considering changes to its military presence in the region, as reported by Daily Times, citing a CNN report. However, no further details on these potential changes were provided in the reports.

Brief written by urgent.news from PBS NewsHour, MyJoyOnline Ghana, Daily Times — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.