Brent crude - the global benchmark for prices - rises after the US hit five Iranian tankers on Tuesday
By Nexvoro Tech Wire
PUBLISHED WED, SEP 9, 2026 10:08 AM UTC • 6 MIN READ
Primary Journalistic Dispatch & Direct Reporting
Watch: Missile interceptions seen in Jordan's night sky
Oil prices rose past $100 (£74) a barrel on Wednesday after further strikes in the US and Iran conflict and continuing Houthi attacks in Saudi Arabia.
In back and forth attacks, the US hit five Iranian tankers in reprisal strikes after Tehran targeted one of its warships.
In-Depth Developments & Factual Context
Brent crude - which is the global benchmark for prices - has not been as expensive since the end of July, when a ceasefire between Iran and the US collapsed .
Yemen's Iran-backed Houthi movement also attacked oil facilities in Saudi Arabia on Tuesday and have been targeting tankers in the Red Sea.
Brent crude did dip back down to $99.90 a barrel, but any fresh flare-ups in the Middle East could see it pushed higher again.
Industry Impact & Strategic Analysis
The US strikes on the five Iranian tankers saw four in the Gulf of Oman linked to Iran's Revolutionary Guards Corps (IRGC) hit as well as another near Kharg Island.
Tehran responded by launching missiles at a US base in Jordan - most of which were shot down - and said it attacked two US vessels and eight oil tankers in the Strait of Hormuz.
The Houthis and Saudi Arabia have also been exchanging strikes since July after their own informal ceasefire unravelled.
Forward Outlook & Market Perspective
Houthi missile attacks started on Saudi airports, oil facilities and tankers in the Red Sea.
They said it was retaliation for a Saudi blockade of ports and airports and an air strike on Sanaa airport they accused Saudi Arabia of carrying out.
On Monday they accused Saudi Arabia of bombing a prison in al-Hazm and killing 11 people.
Then on Tuesday the Saudi authorities said Houthis had struck civilian and economic sites in the cities of Abha, Khamis Mushait, Jazan and Najran.
Oil prices have fluctuated wildly during the Iran US war, which started on 28 February this year.
Before the conflict Brent crude had been priced at about $70 (£52) a barrel.
Reporting synthesized and verified under Nexvoro.tech editorial guidelines. Full primary records referenced via BBC World.
Reporting synthesized under Nexvoro.tech Editorial Standards • Referenced via BBC World
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