The Economic Times

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

On Thursday, oil prices surged above one hundred dollars per barrel as traders evaluated the risks associated with supply disruptions stemming from recent shipping attacks. Iran has claimed responsibility for targeting ten vessels after the United States destroyed five tankers. Market analysts warn that if tensions continue in the contested Strait of Hormuz, oil prices could escalate further, potentially reaching one hundred twenty dollars per barrel.