October 16, 2026
Business

Traders warn $100 oil is imminent if Iran war keeps raging(Soban News)

A week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in the Gulf halts ship traffic through the Strait of Hormuz. Brent crude has crossed $90 a barrel, gaining more than 25% this week.

​A week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in the Gulf halts ship traffic through the Strait of Hormuz. Brent crude has crossed $90 a barrel, gaining more than 25% this week. by Soban News (international And National News)

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