EconomyUS says it’s clearing Hormuz traffic: Why are oil futures beyond $100?

Brent crude has climbed to $107.82 a barrel despite President Donald Trump’s claim that the United States is helping reopen the Strait of Hormuz and escorting oil shipments. Attacks on shipping, damage to Saudi Arabia’s East-West pipeline and Houthi strikes have heightened supply fears, while tracking data shows traffic remains far below normal.

Strait of Hormuzoil pricesSaudi ArabiaIran

AAl Jazeera★★★★☆2026-09-14 11:06Original