https://www.live-feeds.com/feed/oil-closes-in-on-100-as-renewed-supply-crunch-loomsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-closes-in-on-100-as-renewed-supply-crunch-loomshttps://www.live-feeds.com/feed/oil-closes-in-on-100-as-renewed-supply-crunch-looms#u63746Thu, 10 Sep 2026 08:32:42 +0000Crude prices have moved past $100 per barrel for the first time in almost six weeks, driven by a fresh wave of attacks on oil facilities and shipping lanes in the Middle East. This surge threatens to further strain a fragile global supply chain, pushing physical benchmarks higher as inventories fall. Markets face prolonged disruptions with no clear path toward de-escalation between the United States and Iran, compounding earlier concerns about Gulf shipping threats and strengthening demand from China.Why it mattersThe recent escalation builds on prior market anxiety surrounding intensifying st https://www.live-feeds.com/feed/oil-closes-in-on-100-as-renewed-supply-crunch-loomshttps://www.live-feeds.com/feed/oil-closes-in-on-100-as-renewed-supply-crunch-looms#u61719Tue, 08 Sep 2026 18:27:07 +0000Oil prices are climbing toward $100 per barrel as intensified US-Iran strikes in the Strait of Hormuz and threats to Gulf shipping raise fears of prolonged supply disruptions. Market pressure is further compounded by a rebound in crude buying from China. While some Asian shares have bounced, other global markets remain cautious. Goldman Sachs warns that prices could reach $120 if attacks on ships in the Middle East intensify, reflecting a broader collapse in hopes for regional peace.Why it mattersThe Strait of Hormuz is a critical chokepoint for global energy transit. Escalating military confl