Brent crude tops $100 as U.S.-Iran strikes stoke supply fears

financeSep 9, 202628473

Brent crude topped $100 a barrel on Wednesday, breaching that level for the first time since July 24 as escalating U.S.-Iran tit-for-tat strikes stoked fears of disruptions to Middle East oil supplies. Benchmark Brent rose about 2.1% to just over $100 a barrel, while U.S. crude futures held north of $90 a barrel. Market participants cited the renewed hostilities around key Gulf shipping routes and a partial recovery in Chinese oil buying as drivers of the rally. Traders said the move reflected a repricing of near-term supply risk rather than a fundamental shift in global inventories. The price surge pushed energy-linked assets higher and revived investor concern about renewed inflationary pressure from fuel costs, a factor markets will watch alongside central bank policy steps.

LiveSquawk

@livesquawknews.bsky.social

Brent Crude Futures Hit $100 A Barrel For The First Time Since July 24 On Escalating Middle East Tensions

7631d ago

Quoting this

Daily Trix5

Seems like an appropriate way to kick off Trumpapalooza.

Mitchell Epner

@mitchellepner.bsky.social

Get ready for gasoline prices to jump up again. Donald Trump’s war of choice in Iran has been the worst US foreign policy outcome since the Vietnam War.

Graph showing prices of Brent Crude per barrel in 2026.

5931d ago

Mitchell Epner15

Even though energy prices are excluded from “core inflation”, the jump in fuel prices increases the likelihood that the Federal Reserve will increase interest rates at its next meeting. To me, the bigger question is whether the increase will be 25 basis points (.25%) our 50.

Savchenko Volodymyr

@savchenkoua.bsky.social

🛢️📈Brent crude oil surged above $100 a barrel for the first time since July.

6331d ago

exercice-de-style.bsky.social3

Only Trump's fault❗ Congress Impeach your senile Palpatine before a global disaster ⬇️ "Qatar's FM spokesperson() has told US media that opening the Strait of Hormuz is a priority, as the world faces an "industrial catastrophe" if the crisis continues" Trump is a swarm of locusts on steroids❗

Rory Johnston

@roryjohnston.bsky.social

Brent crude just popped above the July high close, now at ~$100.70/bbl. July intraday high was $102. After that we're back to May comparisons.

3630d ago

tomwellborn3rd

@wellborn.net

Iran fired 20 missiles at Jordan and the US may have burned up to 100 Patriot interceptors defending it, roughly 5 to 10 percent of remaining stock in one night. That's the actual story here, not whether Trump can spin this as winning while Brent crude creeps toward $100 a barrel.

2131d ago

Quoting this

Jim Lynch 🏳️‍🌈2

Treasonous traitors trump and hegseth depleting America's arsenal per putins orders

Mohamed A. El-Erian

@elerianm.bsky.social

Brent crude topping $100 is dominating headlines this morning, sharpening the focus on--among a long list of things --the economic, political, and social implications of high US gas (petrol) prices. And needless to say, yields are higher this morning. (Charts from CNBC and the AAA.) #economy #oil

3931d ago

bohemiangypsy.bsky.social

@bohemiangypsy.bsky.social

Diesel is now $10/gal in Czechia & gas is $8 ☹️ abcnews.com/amp/Business...

2131d ago

The Associated Press

@apnews.com

Asian shares are mixed in cautious trading, as investors watch for what might happen on interest rates and the war with Iran pushes oil prices higher.

2331d ago