RismadarVoice Reporters
September 8, 2026
Global oil benchmark Brent crude has recorded strong gains this month but has remained below the $100 per barrel mark despite renewed tensions between the United States and Iran disrupting energy shipments through key trade routes.
The escalation in the conflict has affected crude exports from the Gulf region, particularly through the Strait of Hormuz and the Red Sea, raising concerns over possible supply shortages in global markets.
Despite the disruptions, oil prices have not crossed the $100 threshold as several factors have helped limit further increases. Significant volumes of crude continue to move through the Strait of Hormuz, while Gulf producers have used alternative export routes to maintain supplies.
Data from industry analysts showed that crude shipments from Middle Eastern producers have declined to about 11 million barrels per day, compared with around 18 million barrels per day before the conflict began.
Additional supply from non-OPEC producers, including the United States, Canada and Guyana, has also helped reduce pressure on global markets. Meanwhile, weaker oil demand, particularly in China, has contributed to keeping prices below the $100 level.
Brent crude has continued trading near multi-week highs as investors monitor developments in the Middle East and assess the risk of further disruptions to global energy supplies. Analysts have warned that a prolonged conflict affecting major oil infrastructure could push prices higher.
Market participants are closely watching the situation around the Strait of Hormuz, one of the world’s most important energy transit routes, as any major interruption could have significant implications for fuel prices and the global economy.
