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Commodities

Brent Crude Oil Price Surges Past $100 Amid Middle East Tensions

Guavy AI Editorial Team
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Oil
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Brent crude oil prices surged past $100 per barrel on September 9, fueled by escalating military tensions in the Middle East and concerns over supply disruptions through the Strait of Hormuz.

The benchmark price rose 1.83% from the previous day to reach $100.84 in intraday trading, marking a significant breach of a psychological barrier that traders and analysts closely watch.

The rally is driven by market fears of a prolonged conflict between the US and Iran, which could choke off crude supplies and trigger a global energy shock.

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