Brent and West Texas crude prices rose by $3.29 and $3.02/barrel respectively on September 9, driven by escalating US–Iran military conflict in the Middle East. The US attacked Iranian oil tankers near Kharg Island (Iran's primary export hub), while Iran's IRGC retaliated with long-range missiles and attacks on US bases in Jordan and 10 vessels. Analysts note this represents the most severe attack on Iran's energy infrastructure since ceasefire talks ended. Iraq is also pressuring OPEC+ for higher production quotas, risking fracture of the cartel. Broader market focus includes US CPI data (Sept 11) and the Fed's interest-rate decision (Sept 16), both critical for oil demand outlook.
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