EconomyOil tops $100 as US-Iran attacks threaten shipping through Strait of Hormuz

Global oil prices have risen above $100 a barrel as escalating US-Iran attacks threaten shipping through the Strait of Hormuz and fuel fears of a broader disruption to energy supplies. The US military says it destroyed five Iranian oil tankers, while Iran says it attacked a US base in Jordan. Tehran condemned the US strikes, reserved the right to defend itself and called for UN and regional mediation.