Oil Prices Rise as US and Iran Exchange Attacks, Brent Tops $100 (eco.sapo.pt)

• Brent crude tops $100 after US-Iran attacks.
• Strait of Hormuz, vital for oil and LNG, threatened.
• Market expects prolonged disruption to global energy supplies.

"Oil prices increased on May 8, 2026, following fresh military exchanges between the United States and Iran. The escalation jeopardizes a tenuous ceasefire and the potential reopening of the Strait of Hormuz, a vital chokepoint for oil and LNG shipments. Brent crude futures rose 1.06%, surpassing $100 per barrel, as markets priced in prolonged disruption to global energy supplies."