CNBC Daily Open: Brent crude barrels back towards $100
Oil prices march higher as ship and refinery attacks intensify in the Middle East.
TL;DR
- Oil prices are rising due to escalating tensions in the Middle East, with Brent crude nearing $100 a barrel.
- Recent attacks on Saudi Aramco facilities and U.S. oil tankers have contributed to market unease.
- Iran has publicly criticized Canada for supporting U.S. actions related to the Strait of Hormuz.
- The situation is impacting gasoline prices in the U.S., which have reached record highs for Labor Day.
- European AI company Mistral has raised €3 billion ($3.5 billion) at a €21 billion ($24 billion) valuation, aiming to rival OpenAI and Anthropic.