By Shadia Nasralla LONDON, April 22 (Reuters) - Oil prices jumped on Wednesday with Brent trading above $100 a barrel, erasing earlier losses following reports of gunfire attacks on at least three container ships in the Strait of Hormuz.

Oil prices will be stuck at high levels for a while as the supply shock from the Iran war has reached a "critical breaking point," HFI Research said.

Satellite images show oil swirling in the water after Iranian and US-Israeli strikes on oil facilities and ships. Experts fear an environmental catastrophe

By Yuka Obayashi and Helen Clark TOKYO, PERTH, April 22 (Reuters) - Oil prices were largely flat on Wednesday after rising about $1 at the start of Asian trading, with investors assessing the outlook for U.

The price of a barrel of oil remains well below the $100 mark, but gas prices are still more than $4 per gallon on average, according to AAA. The price of oil per barrel was at $88.72 as of 5 a.m. MT/6 a.

Israeli war with Iran and the closure of the Strait of Hormuz have caused the biggest oil supply disruption on record by daily output lost, though at least one earlier shock had a greater cumulative impact,

The International Energy Agency (IEA) recently released its Oil Market Report for April and significantly cut its global oil demand outlook for 2026. The cut is significant and highlights a key point about the crisis over the closure of the Strait of Hormuz: It's in the interest of almost everybody to reopen it.

An oil well explosion in Nacogdoches County caused evacuations and road closures on Monday night. The Sheriff’s Office says its Combined Dispatch