Oil prices were trading higher on Wednesday, 9 September, as a fresh exchange of attacks between the United States and Iran intensified fears of a severe disruption to shipping through the Strait of Hormuz.
Brent crude, the European benchmark, was up 1.70% at $99.58 per barrel, while West Texas Intermediate (WTI), the US benchmark, advanced 1.49% to $94.42 per barrel.
US military forces announced they had destroyed five Iranian tankers carrying crude oil, acting in response to attempts to strike a US Navy warship with ballistic missiles, according to US Central Command.
Tehran responded with missile strikes against Jordan. Iran also warned that all tanker crews near Kuwait and Bahrain docks must “immediately abandon their vessels, as they will be targeted in attacks”, state television reported, citing the Islamic Revolutionary Guard Corps.
The latest escalation follows fresh strikes by Iran-backed Houthi militants against energy infrastructure in southern Saudi Arabia, which forced several production sites to suspend operations.
“The path of least resistance [for oil] is a strong and consistent rise as the war enters its seventh month,” Darrell Fletcher of Bannockburn Capital Markets told Bloomberg. “Product fundamentals remain supportive, with deteriorating global inventories and reserves. In the usual pattern, the US and Iran continue with counter-attacks and threats,” the analyst added.
Brent has now gained more than 60% this year and is approaching $100 per barrel for the first time since late July.
Beyond crude, European natural gas prices extended their rally for a fourth consecutive session following the latest attacks in the Persian Gulf. The European benchmark gas price was up 2.56% at €77.779 per megawatt-hour. Since the start of the year, the contract has surged more than 165%.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/09/09/mercados/commodities/brent-aproxima-se-dos-100-dolares-por-barril-com-nova-troca-de-ataques-no-golfo/
