# OPEC

A 'Very Small Price': Oil Tops $100 as Middle East Fighting Sends Markets Into Risk Mode

Renewed fighting involving the U.S. and Israel against Iran pushed international crude futures above $100 a barrel for the first time since mid‑2022, as traders priced in supply‑risk and shipping disruptions. President Trump described the economic fallout as "a very small price" for security, highlighting the political calculus that will shape responses from producers, consumers and allies.