Price of oil rises: Brent tops $100, WTI near $97, per BBC

Brent crude rose above $100 a barrel on Wednesday, pushing the price of oil higher as global markets reacted to renewed Middle East attacks; Brent was reported trading just over $100 while U.S. West Texas Intermediate (WTI) was near $97.

BBC News reported that “Oil hits $100 a barrel for first time since July after US and Houthi strikes” and noted market moves tied to the latest regional attacks.

Empty trading floor screens showing crude price tickers, dimmed lights and an anonymous person silhouette watching the boards

Reuters corroborated the move, saying Brent futures breached $100 and settled at their highest level since late May as strikes between the U.S. and Iran stoked supply worries.

TradingEconomics data showed Brent at about $102.20 on September 10, 2026, and quoted U.S. crude (WTI) around $97.04 per barrel, figures that align with market feeds tracking the rise.

Close-up of a generic fuel pump price display and an anonymous hand pointing, no logos visible

Analysts and outlets linked the spike to a fresh wave of incidents in the Gulf, including reported attacks on tankers and tit-for-tat strikes, which traders said could tighten physical supply or raise shipping costs, Reuters reported.

The price of oil has already been influencing other markets: recent coverage connected the surge in crude to weaker equity sentiment and higher retail fuel prices, pressures noted in prior coverage of the same run-up. For readers tracking consumer impacts, gas price coverage shows pump prices remain elevated.

Our site has related coverage on how Brent first crossed $100 amid regional tensions and on the knock-on effects for gasoline prices; readers may find additional background in our previous pieces on the subject.

Sources

BBC News — reported that “Oil hits $100 a barrel for first time since July after US and Houthi strikes” and framed the market move.
Reuters — provided reporting that Brent futures breached $100 as U.S.-Iran strikes stoked supply worries and noted the highest close since late May.
TradingEconomics — supplied commodity-price snapshots showing Brent near $102.20 and U.S. crude (WTI) near $97.04 on September 10, 2026.
OilPrice.com — published market commentary noting oil prices closing in on $100 amid escalating regional attacks.

About the author, Chris Martin

Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to some of the most complex issues shaping the American economy today. At ECIKS.org, Chris covers breaking developments across domestic economic policy, business strategy, Wall Street movements, and political decisions that ripple through financial markets. His reporting blends rigorous data analysis with accessible storytelling making critical information useful for investors, entrepreneurs, and engaged citizens alike.