100 days of Middle East crisis: Oil prices jump over 3% as Iran-Israel resume war

Middle East tensions surged, pushing oil prices up over 3% as the crisis hit its 100th day with little peace progress. Recent Israeli strikes in Iran and Lebanon, despite a truce, have dimmed hopes for a deal and reopening the vital Strait of Hormuz. OPEC+’s approved output increase faces hurdles due to supply disruptions.