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

Brent crude, the global oil benchmark, has risen this month but remains below $100 a barrel even after a recent escalation in the U.S.-Iran conflict disrupted Gulf exports through the Strait of Hormuz and the Red Sea.

oil pricesBrent crudeUS-Iran conflictsupply disruptions

RReuters★★★★☆2026-09-08 02:10Original