Oil reaches $108 after Hormuz talks postponed
Oil rose to $108 after Gulf states postponed talks with Iran about shipping through the Strait of Hormuz, the Financial Times reported. The delay set back efforts to restore traffic through the waterway. The RSS item does not state which benchmark reached that level, the size of the daily move or when negotiations may resume.
Why it matters
Continued disruption at Hormuz threatens energy supply, inflation and transport costs worldwide.
Sources
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Part of the September 14, 2026 brief.