Ghana news briefing
Brent crude rises above $100 a barrel as Middle East conflict intensifies
Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic threshold for the first time since July 24 as intensifying conflict in the Middle East heightened concerns about oil flows from the region.
The attacks also threaten crude shipments via the Red Sea, which has been a key alternative route to the crucial Strait of Hormuz, where oil flows have been severely curtailed since the February 28 start of the Iran war.
Brent crude prices have risen by a quarter since early last month as hopes fade for a permanent resolution to the six-month-old U.
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