Crude spikes past $100/bbl again on reports of gunfire targeting vessels in Strait of Hormuz

Oil prices surged past $100 a barrel after reports of gunfire attacks on three container ships in the Strait of Hormuz. This comes amid ongoing tensions and a potential extension of a ceasefire with Iran. Meanwhile, the Druzhba oil pipeline’s readiness to resume operation is contrasted with Russia’s reported halt of Kazakh oil exports to Germany.