Oil reportedly tops $100 a barrel as Hormuz talks are postponed
NEWSMAX reports that talks on the future of the Strait of Hormuz were postponed September 14 as Iran-backed forces expanded attacks on energy infrastructure and shipping routes across the Middle East.
TLDR
Oil prices surged above $100 a barrel as efforts to reach an agreement on the future of the Strait of Hormuz were postponed September 14, NEWSMAX reports. It says Iran-backed forces expanded attacks on energy infrastructure and shipping routes across the region. Cointelegraph separately reported on September 14 that oil prices rose as concerns about regional escalation grew after talks between Gulf nations and Iran were called off amid fighting in Yemen.
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