U.S.-Iran War Updates: Oil nears $100 a barrel as Strait of Hormuz stalemate keeps ship traffic down

U.S.-Iran War Updates: Oil nears $100 a barrel as Strait of Hormuz stalemate keeps ship traffic down — Live Feedhttps://www.live-feeds.com/feed/u-s-iran-war-updates-oil-nears-100-a-barrel-as-strait-of-hormuz-stalemate-keeps-ship-traffic-downContinuously updated, source-cited coverage. Oil Hits $100 as U.S.-Iran Strait of Hormuz Conflict Deepenshttps://www.live-feeds.com/feed/u-s-iran-war-updates-oil-nears-100-a-barrel-as-strait-of-hormuz-stalemate-keeps-ship-traffic-downhttps://www.live-feeds.com/feed/u-s-iran-war-updates-oil-nears-100-a-barrel-as-strait-of-hormuz-stalemate-keeps-ship-traffic-down#u62621Wed, 09 Sep 2026 10:10:23 +0000Global crude prices reached $100 per barrel on Wednesday for the first time in months, driven by intensifying military strikes and a growing stalemate in the Strait of Hormuz. International benchmark Brent touched $99 a barrel on Tuesday before hitting the $100 threshold amid mounting concerns over prolonged energy supply disruptions. The renewed conflict between the United States and Iran has choked tanker traffic, pushing energy costs higher and triggering declines in major stock index futures, including a 300-point drop in Dow futures to start the shortened week.Why it mattersThe escalation