Oil prices climb over $100 per barrel as US war in Iran continues

LONDON -- The global price of oil topped $100 a barrel on Wednesday for the first time since July, as continued tensions between Iran and the United States added to uncertainty over future supply. The rise followed a statement on Tuesday by U.S. Central Command, which said that its forces destroyed five Islamic Revolutionary Guard Corps oil tankers. This screen grab made on Sept. 9, 2026, from a handout video released by US Central Command on Sept. 8, 2026, shows what the US military says is a strike on an Iranian tanker in the Gulf of Oman. US Central Command via AFP via Getty Images The IRGC followed those strikes by issuing a warning that all oil tankers in Kuwaiti and Bahrani waters should be evacuated. Brent crude oil prices, a benchmark for global trading, climbed on Wednesday by about 2.7%, trading at about $100.57 a barrel for contracts with November deliveries. The sprawling BP refinery is shown on Sept. 8, 2026 in Whiting, Indiana. Scott Olson/Getty Images U.S. oil traded at about $95 a barrel, up by about 2%. Popular Reads US strikes oil tankers, Tehran claims attacks on US-linked vessels Sep 6 NTSB investigation underway after Amazon cargo plane crash leaves 5 dead, 5 injured 19 hours ago Lindsay Clancy trial: Judge declares mistrial after emergency request denied Sep 4 This is a developing story. Please check back for updates.