News update
  • Biman signs deal with Airbus to acquire 10 jets     |     
  • Bangladesh Inflation Rises to 8.34% in September     |     
  • GDP growth accelerates to 3.68% in FY26     |     
  • Bangladesh eyes over $10b bilateral trade with Indonesia     |     
  • Prioritise Multilateralism to Resolve Iran War Humanitarian Crisis     |     
  1. Home
  2. Energy
  3. Oil Prices Rise Above $107 Amid Middle East Tensions

Oil Prices Rise Above $107 Amid Middle East Tensions

GreenWatch Desk: Energy 2026-09-11, 6:41pm

ob_75-5bbd6369bd0f27d61ecfd538038db4ee1789130532.jpg




Global oil prices rose above $107 a barrel on Thursday amid growing concerns over supply disruptions following intensified fighting in the Middle East.

Brent crude, the global benchmark, settled at $107.63 a barrel, up 6.34%, reaching its highest level since May 19.

US West Texas Intermediate (WTI) crude rose 6.69% to $102.48 a barrel, also reaching its highest level since May.

The price surge followed the seizure of Yemen’s port city of Mocha by Iran-aligned Houthi rebels and intensified attacks on shipping in and around the strategic Bab el-Mandeb and Strait of Hormuz.

The developments have heightened fears of further disruptions to global oil supplies.