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Pain at the gas pump rises as Middle East violence worsens

Pain at the gas pump rises as Middle East violence worsens

Oil prices shoot higher after the Labor Day weekend
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Brent oil tops $100 as Middle East conflict intensifies, stoking supply fears

Brent oil tops $100 as Middle East conflict intensifies, stoking supply fears

By Tony Munroe and Alex Lawler SINGAPORE/LONDON, Sept 9 (Reuters) - Oil prices topped $100 a barrel on Wednesday for the first time in six weeks as an escalation in fighting by U.S. and Iranian forces deepened concerns over supply from the region and raised fears of inflationary pressures and higher
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Japanese yen rallies; dollar rattled by oil topping $100

Japanese yen rallies; dollar rattled by oil topping $100

By Amanda Cooper LONDON, Sept 9 (Reuters) - The Japanese yen traded at seven-month highs on Wednesday, keeping the dollar under pressure, as traders grappled with oil prices breaking above $100 per barrel in the face of a widening war in the Middle East. 
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Yen stands tall as dollar drifts, oil's run towards $100 chills sentiment

Yen stands tall as dollar drifts, oil's run towards $100 chills sentiment

By Ankur Banerjee SINGAPORE, Sept 9 (Reuters) - The Japanese yen steadied near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil prices pushing towards $100 per barrel in the face of a widening war in the Middle East.
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Euro slips as dollar rises after ECB rate hike

Euro slips as dollar rises after ECB rate hike

By Chibuike Oguh NEW YORK, Sept 10 (Reuters) - The dollar rose against major currencies on Thursday, reversing some of this week's losses triggered by rising oil prices and global bond yields, while the euro fell after the European Central Bank delivered an expected rate increase.
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Oil tops $100, stocks slide as Middle East tensions escalate

Oil tops $100, stocks slide as Middle East tensions escalate

By Sruthi Shankar Sept 9 (Reuters) - Brent crude prices surged past $100 a barrel on Wednesday, as escalating conflict in the Middle East fuelled worries about energy-driven inflation and sent global stocks tumbling ahead of several major central bank decisions.
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President Trump Predicts High Oil Prices Until After Midterms Amid Iran Conflict

President Trump Predicts High Oil Prices Until After Midterms Amid Iran Conflict

President Trump has stated that he believes oil prices are unlikely to decrease until after the upcoming midterm elections, attributing this to the ongoing conflict with Iran. His remarks suggest a direct link between geopolitical tensions in the Middle East and the global energy market. The implication is that the instability caused by the conflict is driving up crude oil costs, which in turn affects gasoline prices and other energy-related expenses for consumers. This assessment highlights the interconnectedness of international relations, energy policy, and domestic economic conditions, particularly as the U.S. approaches a significant election cycle.
ReutersReuters
Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

Brent crude oil rises above $100 a barrel as Middle East conflict intensifies

By Anushree Mukherjee and Robert Harvey Sept 9 (Reuters) - Brent crude futures breached $100 a barrel on Wednesday for the first time since July 24 as escalating attacks in the Middle East, including on tankers, stifled hopes of a normalisation of oil shipping in the region.
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Roll out the $100 barrel

Roll out the $100 barrel

By Jamie McGeever ORLANDO, Florida, Sept 8 (Reuters) - A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen extended its strong gains to hit a seven-
ReutersReuters
Trading Day: Roll out the $100 barrel

Trading Day: Roll out the $100 barrel

By Jamie McGeever ORLANDO, Florida, Sept 8 (Reuters) - A mood of nervous caution hung over U.S. markets on Tuesday, as flaring hostilities in the Middle East pushed oil to a six-week high and Brent crude futures close to $100 a barrel, while the Japanese yen extended its strong gains to hit a seven-
ReutersReuters
Explainer-Why isn't oil above $100 despite supply disruptions?

Explainer-Why isn't oil above $100 despite supply disruptions?

By Florence Tan SINGAPORE, Sept 8 (Reuters) - Global oil benchmark Brent crude  has rallied this month but stayed below $100 a barrel despite recent escalation in the U.S.-Iran conflict that has disrupted Gulf exports from the Strait of Hormuz and the Red Sea.
ReutersReuters
Why isn't oil above $100 despite supply disruptions?

Why isn't oil above $100 despite supply disruptions?

(Corrects China's reserves to 1.17 billion barrels, not 1.7 billion, in paragraph 20) By Florence Tan SINGAPORE, Sept 8 (Reuters) - Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the U.S.-Iran conflict that has disrupted Gulf