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Brent above 105 dollars: what is driving the oil price up
Business
Энергетика

Brent above 105 dollars: what is driving the oil price up

SAPO Notícias10 September 2026 at 16:20

The Brent price is surpassing 105 dollars, reaching multi-month highs. This rise is occurring in a context of growing tension in global oil markets.

The escalation of the Middle East conflict is exerting additional pressure on the oil market. The region remains at the center of attention due to persistent geopolitical instability.

The Houthis have advanced in the Red Sea, raising new risks for one of the main oil transport routes between Asia and Europe. This shipping route is of crucial strategic importance for international crude oil trade.

The price increase is happening at a time when markets were already facing significant pressures, and the situation in the Red Sea adds another layer of uncertainty to global oil supply.

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