Oil prices have jumped five per cent, with both major benchmarks trading at over $100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries about further disruptions to already tight supplies, Reuters reports.
Brent crude futures are up $5.39, or 5.33pc, at $106.60 a barrel as of 1549 GMT (8:49pm PKT).
US oil has topped $100 a barrel for the first time since May, with West Texas Intermediate crude futures rising $5.16, or 5.37pc, to $101.21.
