Global crude oil prices have surpassed $100 a barrel due to rising tensions in the Middle East. The price increase of over 3% occurred after US forces targeted Iranian tankers.

President Trump has stated that his focus will remain on keeping Iran at bay, despite the current surge in oil prices. He has also pledged that oil prices will decrease after the midterm election.

Further information on the current situation and its potential impact is available from the source. Details on the events leading up to the price increase and the potential consequences of the rising tensions are also provided.