Brent Oil Breaks Back Above $100 for First Time Since July

A barrel of Brent crude oil topped $100 again for the first time since July as the U.S.–Iran conflict fuels global energy supply concerns.

Brent—the global seaborne benchmark for oil prices that is more sensitive to geopolitical tensions—rose 3 percent to almost $101 per barrel on Sept. 9 in overseas trading.

The international benchmark, which carries a higher risk premium, has risen 14 percent over the past month and nearly 66 percent this year.