‎Brent crude surpasses $107 as supply concerns intensify

‎<p ><img src="https://argaamplus.s3.amazonaws.com/ff70c941-3e8c-42cc-894d-442a6e351e16.png" ></p> <p class="ckeCaption" ><!--StartFragment-->Oil drilling rigs<!--EndFragment--></p> <hr> <p >Crude oil prices rose today, Sept. 14, following an exchange of attacks between Washington and Tehran, exacerbating fears of a global supply shortage.</p> <p ></p> <p >The UK Maritime Trade Operations agency reported on Sunday that a ship in the Strait of Hormuz was hit by a projectile, leading to a fire and evacuation of its crew, Reuters reported.</p> <p ></p> <p >Meanwhile, Tehran said that one person was killed and four crew members were injured on board an Iranian merchant ship that was attacked off its coast.</p> <p ></p> <p >Oil prices jumped 8% last week due to the unrest, surpassing the $100 mark for the first time since July.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="5" > <p ><strong><span ><span ><span >Brent, WTI Futures Prices</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Crude</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Price ($/bbl)</span></span></span></strong></p> </td> <td > <p align="center" ><strong><span ><span ><span >Change ($)</span></span></span></strong></p> </td> <td > <p ></p> </td> <td > <p align="center" ><strong><span ><span ><span >Change</span></span></span></strong></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >Brent (November delivery)</span></span></span></strong></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >107.31</span></span></span></span></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >2.70</span></span></span></span></p> </td> <td colspan="2" > <p align="center" ><span ><span ><span >2.60%</span></span></span></p> </td> </tr> <tr > <td > <p ><strong><span ><span ><span >WTI (October delivery)</span></span></span></strong></p> </td> <td > <p align="center" ><span dir="RTL"><span ><span ><span >102.62</span></span></span></span></p> </td> <td > <p align="center" ><span ><span ><span >2.57</span></span></span></p> </td> <td colspan="2" > <p align="center" ><span ><span ><span >2.55%</span></span></span></p> </td> </tr> </tbody> </table> <p ><em class="ckeCaption">*At 08:03 am Makkah time</em></p>

Publication

Argaam - UAE News · Trade Publication

Published

14th September 2026

Original report

argaam.com

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