Published Sep 9, 2026, 3:34 AM ET · Updated 2 months ago · 1 source

Brent crude oil prices are rising towards $100 due to US-Iran conflict escalation

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Original Report

Renewed fighting between the US and Iran, specifically the destruction of Iranian oil tankers by US forces and subsequent missile attacks, has pushed Brent crude oil prices closer to $100 a barrel, contrary to market expectations of an $80-$90 range.