2026-09-09 · Oil Tops $100, Rate Fears Return
Oil broke above $100 on renewed Iran tensions, reviving the inflation and rate fears markets had just started to shake off, and every clean signal in today's data pointed to a market redistributing risk under the surface rather than panicking on it.
The Signal
Oil broke above $100 a barrel for the first time as the US-Iran standoff raised fresh concern about tanker traffic through the Strait of Hormuz, sending stocks lower for a third straight session two days ahead of Friday's CPI report and a week ahead of the Fed's rate decision. Long-term borrowing costs pushed to their…
The skinny
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