Middle East Tensions Fuel Oil Price Surge Toward $100 Mark

Oil prices continued their upward trend on September 10, 2026, reaching $97.66 per barrel for Brent crude and $93.05 per barrel for West Texas Intermediate.

The increase was attributed to diminished prospects for peace in the Middle East, particularly between the United States and Iran.

Iran's Secretary of its Supreme National Security Council, Mohsen Rezaei, warned that economic warfare against the US would be met with a maritime exclusion zone across the Persian Gulf.

Analysts predict that the crisis may extend into 2027, leading to revised oil price forecasts.