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Brent oil price exceeded $100 per barrel

Markets are pricing in the likelihood of a protracted conflict in the Middle East.

Photo: Getty Images

The price of November Brent oil futures rose by 2.32% in Wednesday's trading, reaching $100.19 per barrel. Brent last traded above the $100 per barrel mark on July 24, 2026.

Oil prices jumped to $100 a barrel after Iranian forces reported striking eight American tankers and two other US vessels in the Persian Gulf.

In addition, the naval forces of the Islamic Revolutionary Guard Corps reported strikes on ten more ships which, it is claimed, with the support of American forces, attempted to pass through the Strait of Hormuz, an area declared by Iran to be closed to vessels and dangerous for navigation.

On Tuesday, Saudi Arabia stated that the operation of several energy facilities in the country was suspended due to attacks. Attacks on facilities in Saudi Arabia intensified fears that oil supplies from the Middle East would remain low for a long time due to Houthi attacks and the war in Iran.

As a result, global oil reserves are shrinking, and fuel prices, including diesel, are rapidly rising. According to Bloomberg, the price of diesel fuel in Europe is approaching $200 per barrel.

Comments5

  • Жвір
    09.09.2026
    Калі мінулым разам кошт барэля нафты каштаваў 110$, на Пцічы літр дызельнага паліва меў кошт 1,90. Потым барэль патаннеў, і вось ягоны кошт ізноў вырас, цяпер да 100$, але паліва ўжо падскочыла да 2,10... Нейк цікава нехта зь лічбамі гуляе. Выснова: каму вайна, а каму ... Ну, банкі з прыбыткамі большымі, чым да вайны, міл'ярдэры упэўнена абрастаюць "тлушчам"... Дык мо таму на захадзе не сьпяшаюцца спыняць вайну, то даюць узбраеньне Ўкраіне, то бяруць паўзу, падтрымліваючы пэўны ўзровень "тэмпературы" канфлікту ?
  • Жвір
    09.09.2026
    , вой, кошт каштаваў ! І што гэта я напісаў ? 🤭
  • .
    09.09.2026
    Ох, Донни, Донни, лететь на выборах твоим магага вместе с редкими вменяемыми республиканцами, как фанере над Парижем... Хилбиллу никто не говорил, что в Америке грэйт эгейн такой дорогой галлон бензака.

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