Brent crude rises by more than 2% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi citiesBusiness live – latest updatesThe price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middle East threatens further disruption to global supplies.Brent crude, the international benchmark for oil prices, rose 2.1% to over $100 a barrel after tensions stepped up in the Gulf amid the latest tit-for-tat exchange of fire between the U... Brent crude advances amid fears of a renewed global supply crunch Key points and original sources are listed below.

• Brent crude rises by more than 2% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi citiesBusiness live – latest updatesThe price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middl...S1

• Brent crude advances amid fears of a renewed global supply crunchS2