Business
Oil tops $100 as US and Iran trade tanker strikes, pushing fuel prices higher
September 9, 2026 at 11:31 PM
Coverage
9 reports · 6 in Arabic, 3 in English · over 24 hours
Brent crude settled above $100 a barrel for the first time since July as the US and Iran exchanged attacks on oil shipping, pushing petrol prices up.
- Brent crude settled at $101.21 a barrel, up 3.36%, its first close above $100 since late July, while WTI rose 3.25% to $96.05.
- Iran said it attacked 10 ships near the Strait of Hormuz; US Central Command said its forces destroyed five Iranian oil tankers on September 8.
- UK unleaded petrol rose 5p a litre to 167.17p, the RAC reported, the biggest weekly increase since April, with diesel up 5p to 188.63p.
- RAC policy officer Rod Dennis warned there was "no sign of any relief" for drivers as wholesale prices surge.
Latest developments
- Sep 9 — CENTCOM has denied the IRGC's claim that it attacked two American destroyers, stating the claim is false and that US forces destroyed 10 Iranian tankers last week.
- Sep 9 — The UKMTO reported that several commercial ships near the Strait of Hormuz came under fire and halted, with daily transit numbers falling to seven.
- Sep 9 — President Trump has said the war with Iran will end immediately after the midterm elections, while an explosion of unclear origin was reported near the Strait of Hormuz.





