By Ogungbayi Adeyemi S. | adeyemi@ddnewsonline.com
Editor, DDNews |
Global Markets – September 10, 2026
DDNewsOnline – Business
Brent crude oil prices have risen above $100 per barrel, raising concerns about higher fuel costs and inflation across the global economy.
Brent, the international benchmark for crude oil, reached about $102 per barrel on Thursday, after rising above the $100 mark for the first time since July.
The rise in oil prices is linked to growing concerns about oil supplies as fighting between the United States and Iran continues to affect shipments in the Middle East. The Strait of Hormuz, an important route for global oil supplies, has also faced major disruptions.
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Higher oil prices could increase the cost of transportation, manufacturing and other businesses that depend on fuel. This could also lead to higher prices for goods and services if businesses pass the extra costs to consumers.
Investors are also watching the situation closely because prolonged high oil prices could increase inflation and affect decisions by central banks on interest rates.
The impact on the global economy will depend on how long the supply disruptions continue and whether oil prices remain above $100 per barrel.
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