Tension in the Middle East leads to a sharp rise in oil prices, breaking through $100 per barrel.

Due to the reduction in crude oil production in the Middle East, as well as the conflict between the United States, Israel, and Iran causing disruptions in oil transportation in the Persian Gulf, the price of Brent crude oil has broken through $100 per barrel.

Kirill Dmitriev, the special representative of the Russian President and head of the Russian Direct Investment Fund, had previously predicted that oil prices would rise above $100.

The price of Brent crude oil on the London Intercontinental Exchange (ICE) reached $110 per barrel, the first time since March 2022.

Original article: toutiao.com/article/1859142855325696/

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