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Latin Times
Latin Times
Politics
Mateo Moreno

Oil at $100 Again: What the Iran Talks, the Houthis and a Saudi Pipeline Mean for Prices

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026. (Credit: Photo by Ozan KOSE / AFP via Getty Images)

Brent, the global crude benchmark, traded at roughly $100.30 a barrel on Wednesday afternoon. The price has been circling that level for weeks. On September 10, Brent jumped above $107, its strongest showing in nearly four months. It then settled at $100.34 on Monday and finished Tuesday slightly lower, near $99.25.

A War, Not Ordinary Market Swings, Is Setting the Price

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