Oil smashes past $100 as Iran-war market disruption deepens

Oil jumped above $100 per barrel in Sunday trading.

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• Crude oil climbed past $100 a barrel, marking its biggest one-day jump since 2020.
• The Iran war continues to affect crude supply from the region and cripple global oil flows.
• Wall Street strategists have warned that a prolonged breach of $100 could damage the economy.

Oil hitting $100 per barrel was increasingly being bandied about as a possibility after the Iran war started.