Prof G Markets · Monday, September 14, 2026
The conflict with Iran has entered its seventh month, with oil prices reaching $107 per barrel after the US destroyed five Iranian oil tankers. This action was in retaliation for attempted strikes on a US navy warship, contributing to rising commodity prices.
“The war with Iran has entered its seventh month and the conflict is escalating yet again. Last week, oil hit $107 per barrel for the first time since May.”
“The spike came after the US destroyed five Iranian oil tankers in retaliation for attempted strikes on a navy warship.”