Renewed fighting between the United States and Iran has ended a period of relative calm, driving Brent crude oil to near $100 per barrel as of September 8, 2026. Iran reported progress on a deal with Oman regarding the Strait of Hormuz, a critical chokepoint for global energy supplies.
No BS check run yet — press ⚖ to extract this story's claims and verify them against independent sources.
Renewed fighting between the US and Iran has ended period of relative calm
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Brent crude closed in on $100 a barrel as traders watched for details of an Iranian deal with Oman to manage s