Brent holds above $100 as tanker attacks deepen supply fear
Oil prices remain elevated above $100 per barrel as escalating military conflicts between the U.S. and Iran disrupt shipping in the Strait of Hormuz. Analysts warn that the ongoing tit-for-tat attacks on tankers are likely to keep global energy markets tight and volatile.
Why it matters
The disruption of a critical global energy chokepoint poses a direct threat to global economic stability and energy security.
FILE PHOTO: People look at the oil tanker Marinera as it is moored in the Moray Firth, off the coast of Scotland, Britain, January 14, 2026. REUTERS/Russell Cheyne/File Photo
NEW DELHI, Sept 10 - Oil prices held firm on Thursday after Brent crude breached $100 a barrel, with traders bracing for deeper supply disruptions as Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began.
Brent crude futures inched lower by 0.1 per cent to $101.10 a barrel by 0256 GMT. U.S. West Texas Intermediate crude was at $96.24 a barrel, up 0.2 per cent.
Brent prices have surged nearly 30 per cent from lows touched in early August as a permanent agreement between the U.S. and Iran to cease attacks never materialised, while renewed fighting began later in the month.
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