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Originally published by Capital Businessbusiness
September 10, 2026
2h ago
Oil hits $100 a barrel for first time since July after US and Houthi strikes
Overnight, the US said it struck five Iranian tankers in retaliation for Iran's targeting of a warship, while Iran's Revolutionary Guards said they attacked eight tankers and two warships in response, as well as a US base in Jordan...
✨ Key Highlights
Oil prices surged to $100 a barrel for the first time since July following a series of retaliatory strikes between the US and Iran, alongside attacks by Yemen's Houthis on Saudi facilities.
- Oil benchmark Brent crude reached $100.70, a 2.83% increase.
- Key actors include the US, Iran, and the Houthi movement.
- The escalating conflict has led to the potential creation of a new "prohibited zone" for shipping in the Arabian Sea and Sea of Oman.
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