Brent Crude Oil Prices Top $100 as Conflict With Iran Drags On

Oil prices are very high. Brent crude oil, a type of oil, now costs more than $100. This happens because there is a conflict with Iran. This conflict makes people worry about oil supply. When people worry, oil prices go up.

Because of high oil prices, some markets are not doing well. In Asia, stocks are down. Stocks are small parts of companies that people buy and sell. When stocks are down, it means their value falls.

This problem started in the U.S. markets. There was a big sell-off. A sell-off means many people sell their stocks. This makes stock prices drop quickly. People sold stocks for different reasons. Oil prices are very high. Also, borrowing money costs more now. And people worry about technology companies. These worries make markets unstable.