Oil prices climbed on Wednesday as renewed tensions in the Gulf region fueled concerns about further disruptions to global energy supplies.
Brent crude futures soared 2.6 percent to $100.44 a barrel, reaching a near seven-week high after U.S. forces destroyed five Iranian tankers and Tehran responded with missile strikes on Jordan, raising fears of a wider regional conflict. WTI crude futures were up a little over 2 percent at $94.91 a barrel.
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Market Analysis
Oil Prices Rally Above $100 As US-Iran Conflict Escalates
2026-09-09 09:35:58
