Commodities

Brent Crude Surpasses $100 as Global Shares Decline Amid Interest Rate Uncertainty

Guavy AI Editorial Team Published September 9, 2026

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Oil

Global shares were mostly lower in cautious trading on Wednesday as investors watched for potential interest rate changes and the conflict with Iran pushed Brent crude oil prices above $100 a barrel.

The price of Brent crude surpassed $100, which is a concern due to its impact on inflation. Increased fighting in the Middle East has reduced global oil supplies, exacerbating worries about rising costs.

The Wire

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