US Iran War Oil Shock: Brent Hits $102 as Strait of Hormuz Tensions Escalate 02-10-2026
4 Articles
4 Articles
Oil prices rose at the beginning of today's Monday dealings, amid the stalled talks to end the American-Iranian war and the continuing dangers to navigation in the Strait of Hormuz, in conjunction with Yemen's announcement of the start of military operations against the Houthi militia. The Bloomberg Agency stated that Brent's future contracts had risen by 0.79% to $103.06 per barrel, while the West Texas intermediary's crude rose [...].
Seven months have passed since the start of the conflict between the US and Iran. While uncertainty continues in the region, a third US warship has set sail. Three oil tankers were also targeted in the Strait of Hormuz. The price of oil has risen by 40% since February, once again surpassing $100 per barrel. Meanwhile, in Istanbul, the price of gasoline, which was 58.28 TL per liter on February 27th, rose to 84.65 TL per liter on October 1st. Dur…
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