U.S. crude oil prices surged past $100 per barrel on Thursday, the highest level in more than three months as fighting has sharply escalated between Washington and Tehran this week. West Texas Intermediate futures hit a session high of $100.88 per barrel, levels last seen in May. U.S. crude oil was last up 3.4% to $99.32 per barrel around 10:03 a.m ET. Brent crude , the international benchmark, traded 3.4% higher to $104.69 per barrel. Oil prices have advanced nearly 16% in September as the market braces for a prolonged war in the Middle East. Top White House advisors have discussed with President Donald Trump the possibility that the Iran war could drag on past Inauguration Day in January 2029, U.S. officials told The Wall Street Journal.

Full report : U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war.