WTI crude posts eight-day winning streak near $100

WTI crude rose for an eighth straight session on September 10, 2026, trading around $97–$100 a barrel as officials said rising U.S.-Iran tensions heightened supply risks for shipments through the Strait of Hormuz.

Data showed the eight-day run is the U.S. benchmark's longest winning streak in more than three years.

Strait of Hormuz risks

Officials said the escalation has supported near-term prices by increasing concern about disruptions along a key shipping route for Middle East crude. The comments followed a series of regional incidents that officials said had raised the prospect of delays or rerouting for tanker traffic.

Officials said front-month futures advanced as the streak extended, lifting prompt-month contracts and strengthening the front of the curve. Officials added that sustained price gains could feed into refined-fuel costs, with implications for regional refining margins and downstream consumers if the trend continues.

Officials said market attention will focus on shipping reports and diplomatic developments due by September 15, 2026, as those updates could determine whether the rally broadens into a longer supply-driven run or whether a short-term risk premium fades.