Oil prices breached the $100 per barrel threshold on Wednesday for the first time since July. The move followed fresh flare-ups in the US-Iran conflict, renewing concerns about global energy markets.
WHO:Oil markets
WHAT:Oil price breached $100 per barrel for the first time since July
WHEN:Sep 9, 2026
WHERE:Global energy markets
WHY:Fresh flare-ups in the United States’ war with Iran stoked renewed concern for global energy markets.