World · Energy · ✓ 3 outlets
WTI jumps 3.6% to US$91.50 and Brent tops US$103 as analysts point to US-Iran escalation risk
WTI settled at US$91.50, up 3.60%. Brent December futures passed US$103 overnight (Apex Securities via The Star, Business Today). An analyst cited by Bernama linked the rise to US-Iran escalation fears. The S&P 500 fell 0.47% to 7,765.36; gold rose 0.20% to US$4,157.0.
Oil above US$100 raises costs across the economy.
Watch fuel and airfare costs.
Oil producers like Petronas gain from higher prices.
Consumers and airlines lose.
Cause is analysts’ view; no wire report on the trigger was found.
DailyDrop Malaysia edition No. 5 · Morning · FRI., OCT. 9, 2026