Macro Finance
Oil surges past $101 to highest closing level since May as Iran conflict intensifies
NBC Business·September 9, 2026·1 min read
Oil prices surged past $101 per barrel, reaching the highest closing level since May, as new flare-ups between the U.S. and Iran stoked fresh concerns for global energy markets. The conflict escalation threatens supply stability, driving crude prices higher amid geopolitical tensions.
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