Oil prices hit $100 for the first time since May

The lead

The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate

What shifts

For those following oil, prices, hit, 100, time, this report from BBC introduces a variable that could shift existing calculations.

The wider picture

Looking back, BBC and others have reported on the conditions that made oil prices hit $100 for the first time since may possible.

Where this fits in Signal Ledger

Related coverage from the World desk.

• Saudis must recognise Israel for nuclear deal, says Trump
• Yemen's Houthis attack Saudi tanker as US launches more Iran strikes
• France evacuates 20,000 as wildfires spread in south-west

The editorial line

Signal Ledger reads this through the lens of oil, prices, hit, 100, time: The price of Brent crude rose more than 5% on Thursday as the war in the Middle East continues to escalate.