The price of oil has surged above $100 a barrel, largely due to uncertainty over an end to the war in the Middle East. The international standard crude added $1.00 to just over $102 a barrel. This comes after President Donald Trump announced he would delay strikes on Iran's energy infrastructure unless it reopened the Strait of Hormuz. However, Iranian officials have refuted these claims, accusing him of attempting to manipulate the financial and oil markets.