Middle East Tensions Surge as Attacks Drive Oil Prices Toward $100
Coordinated attacks by Iranian-backed groups on commercial vessels and Saudi Arabian energy facilities have triggered a sharp spike in global oil markets, with Brent crude approaching $100 per barrel. The escalation raises concerns of a wider regional confrontation involving US naval assets.
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Attacks Halt Saudi Energy Sites, Novartis Drops Most in 6 Years | The Opening Trade 9/8/2026
Brent oil surged toward $100 a barrel after Saudi Arabia halted some energy operations near its border with Yemen due to attacks, highlighting risks to supply from the region. Novartis shares plunge as much as 10%, marking the worst day since 2020, after its del-desiran treatment for a rare muscle-wasting disease failed to meet the primary endpoint in a phase 3 trial. Vontobel said this is another “major pipeline setback.” The Opening Trade has everything you need to know as markets open ac...
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As the Yemeni government forces push against the Houthis, attacks on Saudi Arabia are raising the stakes and forcing Riyadh to consider its next military moves.
Read full article →Iran War: Iran Working to Speed Retaliation Tempo as It Fires on Tankers, at US Warships and Ansar Allah Escalates Against Saudi Oil Facilities; Brent Flirts With $100 as Trump Hand Waves
Todays Iran war news: Iran is pressing the US with careful escalation as Ansar Allah hits Saudi production assets, and gooses oil prices
By Yves Smith
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