Brent crude climbs back above $100 a barrel on Mideast war

LONDON, United Kingdom – Oil prices surged Thursday after new supreme leader Mojtaba Khamenei vowed “revenge” following Israeli-American strikes and Iran’s Revolutionary Guards (IRGC) warned they would keep the strategic Strait of Hormuz closed. Around 1450 GMT, Brent crude climbed 9.46 percent to $100.68 a barrel, having already broken through the $100 mark earlier in