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Saturday, 26 September 2026dailybeirut.com
Economy
Oil prices climbed Wednesday morning as supply disruption fears intensified following attacks on two vessels and uncertainty over a U.S.-Iran agreement, even as U.S. crude inventories rose.
Oil prices rose on Wednesday morning amid growing concerns about potential supply disruptions in the Middle East. Those concerns stemmed from both uncertainty surrounding a possible agreement between the United States and Iran and recent attacks targeting two vessels.
Despite data from the sector indicating a rise in U.S. crude oil inventories, Brent crude futures increased by 72 cents—or 0.81 percent—to $89.63 per barrel as of 0053 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures gained 71 cents—or 0.85 percent—to $83.91 per barrel.
