Oil Jumps 10% on Iran Conflict and Could Spike to $100 a Barrel, Analysts Say

FILE PHOTO: Oil tankers pass through the Strait of Hormuz, December 21, 2018. Photo: REUTERS/Hamad I Mohammed/File Photo

Brent crude jumped 10 percent to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after US and Israeli strikes on Iran plunged the Middle East into a new war.

The global oil benchmark has rallied this year and reached $73 a barrel on Friday for its highest since July, buoyed by growing...