Oil prices rise above $100 on U.S.-Iran clashes
Before the war, about 20% of global oil and LNG supplies passed through the Strait of Hormuz (approximately 20 million barrels of oil per day); currently, it is about 10 million barrels per day, estimates Russell Hardy, head of trader Vitol.
Consensus
- The price of Brent crude oil rose above $100 per barrel for the first timesince July 24.
- The price increase was driven by escalating military tensions between the U.S. and Iran.
- The U.S. destroyed five Iranian oil tankers in response to an attack on a U.S. naval vessel.
- Iran retaliated with missile strikes on U.S. military forces in Jordan and on two U.S. Navy destroyers.
- The Strait of Hormuz remains a critical route for global oil shipments, and its security is a major concern.
- Market participants are worried about potential disruptions to oil supply and shipping in the region.
- The price of Brent futures rose by approximately 2% on the day of the report.
- The price of WTI futures also increased, reaching $94.67 per barrel.
Points of divergence
- The price increase began at the end of August, triggered by renewed U.S.-Iran exchanges of attacks. — tg_rian_ru
- The price surpassed $100 for the first time since late July, with the spike occurring on September 9. — riamo
- Iran claimed attacks on two U.S. ships and eight tankers, while the IRGC claimed attacks on ten ships attempting to pass through a declared closed zone in the Strait of Hormuz. — thebell
- The price of physical oil (Dated Brent) reached $106.5 per barrel, and Oman/Dubai prices were above $100 for three consecutive days. — tg_moscowtimes_ru
- The price of November Brent futures on ICE Futures was $100.06 per barrel at 10:25 MSK. — vesti
- The price of November Brent futures on ICE Futures reached $100.06 at 10:25 MSK. — interfax
Coverage (20 sources)
- Russian oil surpassed Brent price during trading on September 17 — Вести
- Brent rose to $108.4 per barrel — Интерфакс
- Brent remains in the plus and trades at $106 per barrel — Интерфакс
- Oil Brent rose to $107.44 per barrel — Интерфакс
- What happened in a day: Monday, September 14 — Интерфакс
- Brent remains in the plus and trades at $107.26 per barrel — Интерфакс
- Brent price rose by almost 5% amid supply disruptions — Ведомости
- Oil Brent rose to $108.21 per barrel — Интерфакс
- Oil shoots up again: what will happen to Urals and the ruble now — РИАМО
- Brent oil price exceeded $108 per barrel — Коммерсантъ
- Oil Brent sharply rose to $107.17 per barrel — Интерфакс
- Brent oil price exceeded $107 — Вести
- Oil price rose to record $108 per barrel since May — Коммерсантъ
- Oil Brent rose to $105.28 per barrel — Интерфакс
- Brent oil price rose above the round figure of $100 per barrel. Overall, prices are growing quite confidently since... — РИА Новости (Telegram)
- Oil again above $100: How Iran responded to the US and what will happen to prices — РИАМО
- Brent oil price rose above the round figure of $100 per barrel. Overall, prices are growing quite confidently since... — РИА Новости (Telegram)
- Oil Brent rose above $100 per barrel for the first time since July 24 — The Bell
- Brent oil price reached $100 after US and Iran strikes on each other's ships — The Moscow Times
- Oil continues to rise, Brent price above $100 for the first time since July 24 — Вести
Key entities
- Moscow
- USA
- Iran
- INTERFAX.RU
- Saudi Arabia
- Ormuz Strait
- Middle East
- ICE Futures
- Brent
- KSIR
- Reuters
- Naval Forces
- Olga
- Elena Rybakina
- Volodin
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