Conflict & Security
US–Iran naval clashes near Strait of Hormuz send oil higher and global stocks lower
September 10, 2026 at 04:29 PM
Coverage
3 reports · 1 in Arabic, 2 in English · over 5 hours
AJAl Jazeera Arabic
تصعيد الحرب يضغط على أسواق الخليج وأوروبا وآسيا
(opens the publisher’s site)
BNBBC News
Oil, gas and borrowing costs surge as fears over Middle East escalate
(opens the publisher’s site)
TGThe Guardian
Trouble in US bond market could mean higher prices are here to stay
(opens the publisher’s site)An escalation in the US–Iran confrontation near the Strait of Hormuz has pushed oil prices higher and driven Gulf, European and Asian stock indexes lower.
- Iran has struck ten ships near the Strait of Hormuz after the United States sank five Iranian tankers.
- Brent crude futures jumped 3.51% to $104.79 a barrel during Thursday trading.
- Gulf, European and Asian stock exchanges closed lower, with Saudi Arabia's index down 0.1% and Dubai's down 0.4%.
- UK 10-year bond yields reached their highest since 2007, while 20- and 30-year yields hit levels not seen since 1998.