oil above 100 dollars a barrel

begin quote from AI Overview

Global oil prices have climbed past $100 a barrel as escalating conflict between the U.S. and Iran threatens critical supply routes. 

Key Price Movements

Brent Crude: The international benchmark rose nearly 3% to cross $100.72 a barrel, marking its highest level since July.
U.S. Crude: West Texas Intermediate (WTI) gained about 3.2% to close at $96.05 a barrel.
Gasoline Prices: The average price for a gallon of regular gasoline jumped 7 cents overnight to reach $4.22, according to AAA. 

Causes of the Surge

Strait of Hormuz Tensions: Renewed military strikes and tanker attacks in Middle Eastern waters have heightened fears of a major transit shutdown. 
Strained Inventories: Global stockpiles continue to drop rapidly due to the ongoing loss of Middle Eastern supply. 
Analyst Concerns: According to “Oil prices have shot past $100 a barrel as fighting between the U.S. and Iran escalates, threatening to increase costs for consumers and….” -- [Associated Press].

Would you like to know how these oil prices might impact:

• Local gasoline and diesel costs in your area?
• Airline and travel expenses?
• Stock market sectors like energy or transport?

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  PBS

  Oil rises past $100 a barrel after the latest wave of Middle East attacks

  Sep 9, 2026 — NEW YORK (AP) — The price of oil surpassed $100 a barrel for the first time since July after attacks on oil facilities and ships i...

  
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  AP News

  Oil rises past $100 a barrel after the latest Middle East attacks

  Sep 9, 2026 — Oil prices have shot past $100 a barrel as fighting between the U.S. and Iran escalates, threatening to increase costs for consume...

  
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  Reuters

  Brent settles at over $100 a barrel as Middle East conflict intensifies

  Sep 9, 2026 — FUELS, PHYSICAL CRUDE OIL ALREADY ABOVE $100 The U.S. Energy Information Administration raised its oil price forecasts for this ye...

  

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