Oil prices exceed $100 per barrel amid US-Iran conflict
Story essentials
Donald Trump, US forces, Iranian-backed Houthi rebels
Middle East, Global
September 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 19/10/2026, 2:00:45 PM
Brent crude surpassed $100 per barrel due to escalating US-Iran conflict. Attacks on oil facilities and shipping routes in the Middle East are driving supply concerns. Rising energy costs are fueling global inflation and impacting consumer prices.
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Oil Prices Surge Amid Middle East Conflict Escalation
Brent crude futures breached $100 a barrel due to escalating military strikes in the Middle East. Attacks on tankers and energy facilities have disrupted oil flows through the Strait of Hormuz. One seafarer was killed in an attack on the tanker Hercules Star off Dubai. Flows through the Strait of Hormuz have dropped significantly to below 2 million barrels per day.