Gulf Tensions Drive Oil Prices to Mid-September Peak
Oil prices jumped over 5%, reaching their highest levels since September 17, 2026, amid growing concerns about Middle East supplies and escalating attacks on ships in the Gulf and Strait of Hormuz. Brent crude reached $105.58 per barrel, while WTI was at $92.98, amid expectations of a resumption of major military operations against Iran and delays in de-escalation efforts.
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