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Oil prices hit $100 amid US-Iran conflict; Bitcoin stalls near $79K as markets react to Middle East tensions.

Market News
09 Sep 2026
Bitcoin
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Bearish
Oil prices hit $100 amid US-Iran conflict; Bitcoin stalls near $79K as markets react to Middle East tensions.

Oil prices surged with Brent crude surpassing $100 per barrel and West Texas Intermediate topping $95 following US strikes on Iranian oil carriers and retaliatory actions by Iran. This military escalation in the Middle East has increased market volatility, causing European stocks to fall and complicating inflation control efforts. Bitcoin's price stalled near $79,000, reflecting reduced risk appetite amid geopolitical uncertainty. With diplomacy stalled, the conflict risks prolonged instability and continued pressure on global oil markets and financial assets.

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