Oil surges past $100 as West Asia war escalates, raising supply fears
Global crude oil prices surged about 20% on Monday, crossing the $100-per-barrel mark as the intensifying war in West Asia heightened fears of supply disruptions in global energy markets.
Benchmark Brent crude spiked as much as 20% to $111.04 a barrel earlier in the session— the highest level since July 2022— while West Texas Intermediate jumped about 22%.
