Oil Prices Soar Amid Middle East Tensions

Oil prices surged on September 11th, 2026, with ICE Brent settling more than 6% higher. The price neared $110 per barrel in early morning trading. This increase is largely attributed to market revaluation of the Middle East escalation.

The oil market's resilience was evident as it continued to rise despite concerns about Saudi oil production, which fell in August. The market is closely watching developments in the region and any signs of increased tensions could lead to further price increases.

Copper prices, on the other hand, have fallen sharply from a fresh record after Reuters reported that the US has not yet made a decision on refined copper tariffs. This news led to a sell-off in copper futures, with prices dropping significantly.