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Business
Crude Oil Near $100 as Iran-US Tensions Spike Supply Fears
✍️ NDTV Top
🗓 09 Sep 2026, 11:39 AM
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Oil prices rose over 1% on Wednesday, edging towards $100 per barrel as renewed Iran‑US hostilities raised supply worries and inflation outlook.
Oil markets surged on Wednesday, with Brent crude climbing more than one percent and approaching the $100‑per‑barrel mark. The rally was driven by a fresh flare‑up in the Iran‑United States confrontation, which reignited concerns over potential disruptions to global oil supplies.
Analysts noted that the heightened geopolitical risk is adding upward pressure on inflation, especially as major economic data releases are slated for the end of the week. The uncertainty has also weighed on equity markets, which struggled to gain ground amid the commodity‑driven volatility.
While the price movement reflects immediate supply‑side anxieties, traders cautioned that further developments in the Middle East could dictate the trajectory of oil prices in the coming days.
Analysts noted that the heightened geopolitical risk is adding upward pressure on inflation, especially as major economic data releases are slated for the end of the week. The uncertainty has also weighed on equity markets, which struggled to gain ground amid the commodity‑driven volatility.
While the price movement reflects immediate supply‑side anxieties, traders cautioned that further developments in the Middle East could dictate the trajectory of oil prices in the coming days.