{
  "id": 6725177,
  "title": "Oil Prices Could Top $120 as Middle East Conflict Escalates",
  "url": "https://urgent.news/2026/09/11/oil-prices-could-top-120-as-middle-east-conflict-escalates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Could-Top-120-as-Middle-East-Conflict-Escalates.html"
  },
  "original_language": "en",
  "account": "Crude oil prices could potentially surpass $120 per barrel of Brent by year's end if the ongoing conflict in the Middle East persists, according to Helima Croft, an analyst at RBC Capital Markets. Croft warned that the Houthi advances in the Red Sea pose a significant threat to maritime traffic through the Bab el-Mandeb strait. Reports suggest Yemeni Houthi forces have taken control of the Red Sea port of Mokha, enabling more direct assaults on Saudi energy infrastructure and tankers in the Red Sea. This development exacerbates tensions in another strategic region, the Strait of Hormuz, which has driven the price of Brent crude and WTI above $100 per barrel. On the same day, Brent crude neared $110 per barrel, reported Reuters. The surge in oil prices has triggered a rise in bond yields, raising concerns about inflation and prompting investors to anticipate potential interest rate hikes by central banks in key markets. According to a new forecast by JP Morgan, eight to nine developed economies, including the United States, Japan, four European central banks, Australia, and New Zealand, may raise interest rates by the end of the year. This is attributed to the persistent growth, persistent core inflation, and commodity price pressures. The situation has also adversely affected Asian economies, which may require further financial assistance for businesses and households, as reported by Bloomberg. Despite President Trump's assertion that the war will conclude after the November elections, doubts persist as fighting continues, and neither party shows inclination towards peace negotiations.",
  "summary": "Crude oil prices could top $120 per barrel of Brent crude by the end of the year if fighting in the Middle East continues, RBC Capital Markets’ Helima Croft has warned, as quoted by Reuters. “Maritime traffic through the Bab el-Mandeb is gravely imperiled by the Houthi advances,” the analyst said. The comments follow news reports of the Yemeni Houthis taking control of the Red Sea port of Mokha,…",
  "key_points": [
    "Oil prices could exceed $120 per barrel by year-end",
    "Houthi advances threaten Red Sea and Bab el-Mandeb strait",
    "Interest rate hikes anticipated amid inflation concerns"
  ],
  "editors_take": "Escalating Middle East conflict drives oil prices toward $120, threatening to fuel inflation, prompt interest rate hikes in major economies, and adversely affect businesses and households worldwide.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Oil Prices Could Top $120 as Middle East Conflict Escalates",
        "url": "https://urgent.news/2026/09/11/oil-prices-could-top-120-as-middle-east-conflict-escalates-6901624",
        "published": "2026-09-11T08:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}