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Oil prices rise above $100 a barrel for first time since July as Iran war escalates

Oil prices rise above $100 a barrel for first time since July as Iran war escalates

https://www.theguardian.com/profile/lauren-almeida· ·2 min read · 0 reactions · 0 comments · 18 views
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Oil and gas prices have jumped since the US-Israeli attacks on Iran. Photograph: Neil Hall/EPAView image in fullscreenOil and gas prices have jumped since the US-Israeli attacks on Iran. The price then began to climb again after a memorandum of understanding between the US and Iran fell apart and hostilities restarted.Gas prices have also risen on the back of the conflict.

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Original publisherthe Guardian
Canonical URLhttps://www.theguardian.com/business/2026/sep/09/oil-prices-rise-iran-war-brent-crude-inflation-higher-interest-rates
Publication timeWed, 09 Sep 2026 07:28:53 GMT
Retrieval time2026-09-09T08:10:54.225Z
Last seen2026-09-09T08:10:54.225Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
SummaryWeSearch · cerebras-chat (WeSearch summarizer)
Summary source textcontentText
Citation coverageSummary is a WeSearch-generated derivative; primary citation is the original publisher URL.
ClusterNone
Cluster logicNot yet clustered, or no peer story found in the clustering window.
Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

Oil and gas prices have jumped since the US-Israeli attacks on Iran. Photograph: Neil Hall/EPAView image in fullscreenOil and gas prices have jumped since the US-Israeli attacks on Iran. Photograph: Neil Hall/EPAOilOil prices rise above $100 a barrel for first time since July as Iran war escalatesBrent crude rises by more than 2% after latest fire between US and Iran in Gulf and Houthi attacks on Saudi cities Business live – latest updates Lauren AlmeidaWed 9 Sep 2026 03.28 EDTLast modified on Wed 9 Sep 2026 03.50 EDTSharePrefer the Guardian on GoogleThe price of oil has risen above $100 a barrel for the first time since July as the escalating conflict in the Middle East threatens further disruption to global supplies.Brent crude, the international benchmark for oil prices, rose 2.1% past…

Excerpt limited to ~120 words for fair-use compliance. The full article is at the Guardian.

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