Brent Tops $100 as West Asia Attacks Hit Oil — SkimNews
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- Brent crude settled at $97.89 before jumping 2.4% to $100.29 early Wednesday, Sept. 9, 2026, surpassing $100 for the first time in almost six weeks.
- U.S. military officials said it struck five Iranian tankers in response to attempted missile attacks on a Navy warship, prompting the market reaction.
- Houthi rebel group attacks ignited fires at oil facilities in Saudi Arabia, adding another source of disruption for regional energy supplies.
- Brent crude traded between roughly $70 and $100 through much of March, April and May, then swung between $72 and $102 in July as hopes for a U.S.-Iran tanker agreement rose and fell.
- Regular gasoline averaged $4.15 per gallon in the U.S. on Tuesday, Sept. 8, up 26% from a year earlier, according to AAA.
- Diesel averaged $5.90 per gallon, costing 59% more than on the same day a year earlier.
Why it matters: U.S. consumers are already absorbing higher fuel costs: regular gasoline averaged $4.15 a gallon on Sept. 8, up 26% from a year earlier, while diesel reached $5.90, a 59% annual increase. Brent’s return above $100 shows conflict-related supply pressure reaching household and transportation expenses.
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