https://www.live-feeds.com/feed/oil-prices-climb-toward-100-as-middle-east-peace-hopes-fadeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-climb-toward-100-as-middle-east-peace-hopes-fadehttps://www.live-feeds.com/feed/oil-prices-climb-toward-100-as-middle-east-peace-hopes-fade#u63181Wed, 09 Sep 2026 22:05:22 +0000Global oil prices rose above $100 a barrel on Wednesday following a new wave of attacks on ships and oil facilities in the Middle East. Brent crude, the international benchmark, climbed into triple digits for the first time since July as fighting between the United States and Iran escalated. Prices remained just above the $100 threshold through midday trading in the US. These disruptions threaten to further debilitate a supply chain that was already weakened, potentially increasing costs for businesses and consumers globally.Why it mattersThe price surge follows renewed hostilities in the Gulf https://www.live-feeds.com/feed/oil-prices-climb-toward-100-as-middle-east-peace-hopes-fadehttps://www.live-feeds.com/feed/oil-prices-climb-toward-100-as-middle-east-peace-hopes-fade#u62186Wed, 09 Sep 2026 02:56:33 +0000Oil prices are climbing toward $100 per barrel as renewed hostilities between the US and Iran intensify in the Strait of Hormuz. Fresh attacks on energy facilities in southern Saudi Arabia have caused fires and temporary operational shutdowns, fueling fears of prolonged supply disruptions. Brent crude is moving closer to the $100 threshold, which has contributed to record US gas prices over the Labor Day long weekend. Market analysts are now monitoring the risk of further escalation in the Gulf shipping lanes.Why it mattersThe Strait of Hormuz is a critical chokepoint for global oil transit. S