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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (September 10): Crude oil at $101 as Iran attack on 10 ships raises supply fears. $120 in sight?

Oil Iran Daan Struyven Goldman Sachs Tim Waterer United States Strait of Hormuz

Oil prices remained elevated on Thursday after Brent crude moved above $100 a barrel, as traders assessed the risk of a deeper supply disruption following the biggest attacks on shipping by Iran and the United States since their six-month-old conflict began.

Iran said on Wednesday that it had attacked 10 ships near the Strait of Hormuz after the United States sank five Iranian oil tankers. The Islamic Revolutionary Guard Corps also warned that it would intensify its response if further attacks take place.

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