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Brent Crude Surges Past $100 as
Middle East Turmoil Deepens
London, 10 Sep 2026 (ONA) — Brent
crude futures closed above $100 a barrel — their highest settlement since late
May — as Middle East tensions escalated and Iran and the United States
exchanged strikes on oil tankers.
Brent rose $3.29, or 3.4 percent, to
$101.21 a barrel, while US West Texas Intermediate crude gained $3.02, or 3.25
percent, to $96.05.
The rally came amid mounting
concerns over energy supplies as shipping activity slowed.
Since the war on Iran began on 28
February 2026, Brent climbed to $126.41 a barrel on 30 April and has held above
$100 since 3 September.
The US Energy Information
Administration raised its oil price forecasts for this year (2026) and 2027, as
global inventories fell amid reduced supplies from the Middle East.
— Ends/Khalid
