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Oil prices spiked anew on Thursday after Iran ramped up its strikes on infrastructure in the Gulf, with the International Energy Agency saying the conflict has been a historical disruptor of supply.
West Texas Intermediate crude futures CL.1 CLJ26 climbed 6% to $92.41 a barrel, while Brent crude BRN00 BRNK26 advanced by 6% to $97.91. Brent oil touched a high of $101.25 late Wednesday during Asian trading before retreating to just below the $100 threshold.
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