Brief by Shorts91 Newsdesk / 03:51pm on 09 Sep 2026,Wednesday Business
Oil prices crossed the $100-a-barrel mark on Wednesday as fresh attacks on Middle Eastern oil facilities and tankers intensified concerns over global supplies. Brent crude rose 2.57% to $100.40 a barrel, while US West Texas Intermediate (WTI) gained 2.10% to $94.98, marking Brent’s return above $100 for the first time in nearly six weeks. The surge followed a US military strike on five Iranian tankers after attempted missile attacks on a Navy warship, alongside Houthi attacks that set Saudi oil facilities on fire. The conflict escalated further after Iran launched missiles toward US targets in Jordan, with the Revolutionary Guards claiming attacks on two US destroyers and a US base. (PC: Reuters)
