Crude oil prices have increased to 100 USD per barrel amid ongoing tensions in the Middle East. The price hike follows the intensified US strikes against Iran and a recent attack by Houthi rebels on an oil tanker in the Red Sea.

In line with this, affected businesses were concerned about the disruptions due to global oil supply and the threats in the key export routes used by the oil-producing countries in the Gulf Region.

Gasoline and diesel prices also continue to climb in some countries, including the United Kingdom and the United States. 

RELATED VIDEO: