Oil spikes past $109 as Gulf disruptions lift inflation risks and Fed-rate bets
TL;DR Summary
Oil prices surged to around $109 a barrel as attacks on Gulf shipping escalate amid the US-Israel war on Iran, with Brent at $109.20 and WTI above $102, fueling bets that the Federal Reserve will raise rates next week as supply concerns persist and China's recovering demand adds an uncertain hinge on how long the rally lasts.
- Oil soars to $109, pushing up chances of US interest rate increase Al Jazeera
- Oil Prices Surge as Stocks and Bonds Wobble The New York Times
- U.S. crude oil tops $100 again – last seen in May – as market braces for prolonged Iran war CNBC
- S&P 500 ends down as Treasury yields rise and traders fret about inflation Reuters
- Stock Market on Sept. 10, 2026: Dow, S&P 500 and Nasdaq end lower as U.S. oil prices surge to more than $100 a barrel and Treasury yields jump; stocks book 4th straight day of losses MarketWatch
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