U.S. crude oil tops $100 amid Middle East tensions
U.S. crude oil prices surpassed $100 per barrel as markets brace for potential supply disruptions stemming from escalating tensions involving Iran.
- U.S. crude oil prices crossed the $100 threshold for the first time since May.
Sources
- BBC — Are interest rates on the way up again?
- Bloomberg — Asian Stocks, Bonds Drop on Oil, Inflation Concern: Markets Wrap
- Bloomberg — Latest Oil Market News and Analysis for Sept. 11
- CNBC — U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war
- The Guardian — Global bond sell-off resumes as surging oil prices stoke fears about inflation
- BBC — Oil, gas and borrowing costs surge as fears over Middle East escalate
- Semafor — ECB hikes interest rates amid inflation risks
- The Guardian — ECB raises interest rates to 2.5% and warns Iran war is fuelling inflation
- ECB — Christine Lagarde, Boris Vujčić: Monetary policy statement (with Q&A)
- Bloomberg — US Producer Prices Rise Most in Three Months on Energy Surge
- Semafor — European Central Bank expected to raise rates
- BBC — Buy now or wait and hope? Families face gamble on heating oil
- BBC — Watch: Do Republicans blame Trump for high oil prices?
- MarketWatch — Oil’s surge back above $100 fuels fresh inflation fears at a crucial time for interest rates
- The Guardian — Oil prices rise above $100 a barrel for first time since July as Iran war escalates
- BBC — Oil hits $100 a barrel for first time since July after US and Houthi strikes
- Deutsche Welle — Oil prices rise as Middle East conflict escalates
- BBC — Petrol prices rise by 5p over a week as Iran war sends oil higher
- CNBC — Brent crude nears $100 a barrel as U.S.-Iran tit-for-tat strikes stoke supply worries
- CNBC — Oil extends gains as renewed Mideast hostilities raise worries of prolonged conflict