Oil tops $108 as Israel strikes Iran gas facilities

Brent crude topped $108 a barrel Wednesday after Israel struck Iranian gas infrastructure, sending oil prices up more than 4%. The latest escalation came as the Strait of Hormuz closure continues to disrupt global energy flows. Brent crude traded at $108.15 per barrel, a 4.57% advance on the day. West Texas Intermediate was at $98.27 a barrel, up 2.14%. The strikes hit Iran's largest gas processing complex in Bushehr Province, CNBC reported. State television in Iran reported that the South Pars gas fiel ...