Brent Crude Oil Surpasses $102, Iran Prepares for Intense Warfare
On September 10, the price of Brent crude oil surpassed $102 per barrel, intensifying market concerns over the prolonged U.S.-Iran conflict. Senior Iranian officials stated that in the face of ongoing U.S. attacks, Iran has no intention of backing down and is prepared to escalate its counterattacks. U.S. President Trump indicated that the war could last until after the midterm elections in November, making it unlikely for gasoline prices to significantly decrease in the short term, while market expectations for a de-escalation of the conflict have weakened. Brent crude oil has risen nearly 70% this year, with the physical benchmark price reaching as high as $114. U.S. diesel prices are nearing $6 per gallon, and gasoline and diesel prices in Europe continue to rise, exacerbating energy inflation pressures. Market participants noted that if the conflict affects oil transportation through the Strait of Hormuz, oil prices could continue to rise. The U.S. is compressing Iranian oil exports through maritime blockades, and White House advisors are discussing scenarios where the war could last until the end of Trump's term. Additionally, crude oil purchases by Asian countries are tightening global supply, but high oil prices may force some refineries to reduce processing volumes. U.S. diesel inventories are expected to drop to their lowest levels in over 20 years this month.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Bitcoin at $84,000 Despite US-Iran Stalemate

How Crypto Stopped Waiting for Congress and Learned to Love the Regulators

US and China Establish AI Hotline

US SEC States Token Buybacks and Network Upgrades Do Not Automatically Constitute Securities

Coinbase Suggests Including Digital Assets in Trump Account Investment Scope

US Consumer Sentiment Index Falls to 48.1 in September

Trump Expresses Concern Over Yen Depreciation, Japanese Finance Minister Says Coordination with U.S. Will Continue

Treasuries at 21-Year High: Impact on Stocks and Interest Rates

US Considers Global Expansion and Adoption of Dollar-Denominated Stablecoins to Stimulate Treasury Demand

Trump Invites US Tech and Finance Leaders to State Dinner for Xi Jinping

The EU will strengthen its oversight of AI and tokenization starting in 2027

IMF Calls for Fewer but Deeper Reforms to Address a More Vulnerable Global Economy

Trump Highlights Strong U.S. Economy and Mentions S&P Indicators

Towards "mass tokenization": the finance of the future will trade 24/7

Treasury at Highest in 18 Years: Federal Reserve Set for New Rate Hikes

CFTC Chair Calls for "Mass Tokenization"! Wall Street Faces Three Barriers to Full On-Chain Adoption

AI: DeepSeek and Kimi Allegedly Redirected Queries to Claude Without Users' Knowledge

Trump-Xi: The 3 Issues Threatening Bitcoin and Cryptocurrencies

US and Iran Reject Proposal for Strait of Hormuz in Indirect Talks in Qatar

Patrick Witt Defends Trump's Crypto Investment Persuasiveness, Points to Bank Lobbyists as the Real Force Behind the Clarity Act

Hassett Questions Federal Reserve's Rate Hike Decision, Claims Core Inflation Nears 2%

1789 Capital Raises $3 Billion with Participation from Trump's Son

US Considers Promoting Dollar-Backed Stablecoins

Trump Buys Coinbase and Strategy in July, Sells CleanSpark and MARA

Iranian Official States Conditions Must Be Met for Strait of Hormuz to Reopen

Trump Calls for Interest Rates to Be Cut to 1% or Lower as Fed Raises Rates to 3.75%-4.00%

Burnham Calls for Global AI Regulatory Standards in UN Speech

This Cycle May Not Be Led by Bitcoin?

CFTC Warns of Manipulation Risks in Mention Markets











