Surge in crude and borrowing costs comes amid signals that conflict involving Iran will not be swiftly resolved.
Chronological coverage updated 10th September 2026 16:56.
Update 1 · 10th September 2026
Oil Prices Jump to $105 a Barrel as Middle East Escalation Heightens Economic Fear
The price of oil has surged to $105 a barrel as growing fears over escalating conflict in the Middle East shake global markets. The sharp rise follows mounting indications that the war involving Iran will not be resolved quickly.
Alongside rising crude oil and gas prices, global borrowing costs have also jumped. The financial pressures compound concerns across international markets as energy supply anxiety deepens.
- Crude oil rose to $105 per barrel due to persistent conflict fears involving Iran.
- Surging energy prices have coincided with rising borrowing costs worldwide.
Sources: BBC Business
