Brent crude remained above $100 a barrel on Thursday as the Iran-US conflict continued to disrupt global energy markets.
Brent briefly moved above $101 a barrel before settling around the $100 level.
The conflict has restricted shipping through the Strait of Hormuz.
The waterway is one of the world’s most important routes for oil transportation.
The disruption has raised fears of prolonged supply shortages.
Higher oil prices are also increasing inflation concerns.
Asian shares fell on Thursday as investors reacted to the energy shock.
Markets are also watching upcoming US inflation data and central bank decisions.
SOURCES:
Reuters: Global markets and oil above $100 – https://www.reuters.com/world/china/global-markets-view-europe-2026-09-10/
Associated Press: Asian shares fall as oil remains above $100 – https://apnews.com/article/7fbc77061abd778608068d3beb1bbbaf
