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Oil prices rise above $100 a barrel for first time since July as Iran war escalates

Benchmark Brent crude futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing concern about oil flows from the region.
Hopes for a permanent resolution to the six-month-old United States-Iran conflict have faded since early last month, driving Brent prices up by a quarter as Iran-backed Houthis attacked Saudi energy facilities this week.
Data from Rystad Energy's Chief Economist Claudio Galimberti shows oil flows through the Strait of Hormuz fell below 2 million bpd recently, down from roughly 8 million to 9 million bpd before fighting resumed on August 30.
Goldman Sachs, Bank of America and HSBC have raised their crude price forecasts in recent days, reflecting market concerns over tightening global supply amid the escalating regional conflict.
The International Energy Agency expects global oil supply to fall by 4.3 million bpd, or about 4%, this year, while The Houthi attacks threaten Red Sea shipments, a key alternative to the Strait of Hormuz.

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Svenska Dagbladet

Lean Right

Oil Prices Above $100 per Barrel

For the first time since July, the price of oil is now passing $100 a barrel.

1 hour ago·Stockholm, Sweden

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CNN

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KESQ

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Global oil prices hit $100 per barrel as Middle East conflict roils markets

Global oil prices are back at $100 per barrel, rising to their highest levels since July as fighting in the Middle East raises concerns about prolonged disruptions to oil supply.

1 hour ago·Atlanta, United States

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Channels Television

Center

Brent Oil Rises Above $100 A Barrel On Mideast War Flare-Up

Brent crude prices have risen by a quarter since ⁠early last month as hopes fade for a permanent resolution to the six-month-old U.S.-Iran conflict.

2 hours ago

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Asia One

Center

Brent crude rises above $126 a barrel as Middle East conflict escalates, Money News

SINGAPORE — Benchmark Brent crude oil futures rose past US$100 (S$126) a barrel on Wednesday (Sept 9), breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing concern about oil flows from the region.Brent crude futures rose US$2.15, or 2.2 per cent, to US$100.07 a barrel by 7.21am GMT (3.21pm...

2 hours ago·Singapore

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India Today

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Brent crude crosses $100 as Middle East conflict raises supply fears

As of 1:31 PM, Brent was at $99.60 a barrel, up $1.68 or 1.72%, while US West Texas Intermediate (WTI) crude was trading at $94.15, up $1.12 or 1.20%.

2 hours ago·Noida, India

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The Hindu

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Brent crude rises above $100 a barrel as West Asia conflict escalates

Brent crude futures rose $2.15, or 2.2%, to $100.07 a barrel by 0721 GMT, ‌while U.S. West Texas Intermediate crude was up $1.70, or 1.83%, at $94.73 a ‌barrel

2 hours ago·Chennai, India

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