Brent crude futures rose above $100 a barrel for the first time since late July as Iran and the U.S. escalated attacks on tankers in the Strait of Hormuz, with Iran reporting strikes on 10 ships and the U.S. sinking five Iranian oil tankers. Oil markets are reassessing expectations for how long supply disruptions from the region will persist.
9 September 2026 · Joy Online →
Iran said it attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of attacks on shipping by both sides since a six-month-old war began. The attacks sent oil prices surging, with Brent crude breaching $100 a barrel for the first time since July, and the U.S. average retail diesel price hit a fresh all-time high above $5.94 a gallon.
9 September 2026 · Joy Online →
Brent crude climbed past $100 a barrel on Wednesday, driven by fresh US-Iran strikes and continuing Houthi attacks on Saudi facilities and Red Sea tankers. The price reflects the highest level since the Iran-US ceasefire collapsed in late July.
9 September 2026 · Joy Online →
Oil prices rose for the fourth consecutive session as renewed Middle East attacks, including Iranian-backed Houthi strikes on Saudi cities and U.S. strikes on Iranian tankers, heightened concerns about supply disruptions. Brent crude reached $99.33 a barrel, up 1.4%, as analysts warn the market continues to price in a "sizeable risk premium" with peace talks still distant.
9 September 2026 · Joy Online →
US Central Command struck five Iranian oil tankers in the Gulf of Oman and near Kharg Island in response to Iranian attacks on an American warship. Tehran then launched 20 missiles at a US base in Jordan, of which Jordan said it shot down 18, with two falling in unpopulated areas.
9 September 2026 · Joy Online →