You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Brent Hits $107 Per Barrel As UN Disappoints And Iran Threatens To Take War To Indian Ocean Brent Hits $107 Per Barrel As UN Disappoints And Iran Threatens To Take War To Indian Ocean by Ship & Bunker News Team Thursday September 24, 2026 Tweet Follow @shipandbunker Meanwhile, the Saudis enjoy considerable success navigating the "closed" Hormuz strait: File Image/Pixabay.   As of mid-session Thursday, oil prices jumped again – with Brent rising by more than 4.5 percent to $107 per barrel and West Texas Intermediate climbing over 3.5 percent to nearly $96 per barrel – after the highly-publicized appearance by Iran and the U.S. at the United Nations General Assembly failed to produce any evidence of progress toward ending their seven-month war. The gains were briefly reversed when Reuters reported  that both parties were exploring a phased path out of the war. However, if the continued sabre-rattling by both parties was any indication, conflicting ideologies were too great for there to be any meaningful hope of a return to peace: adding to Iran’s numerous threats over the past few sessions, Yahya Safavi , a former chief commander of the Islamic Revolutionary Guard Corps and current advisor to Iran's supreme leader, said  his country may take the war to the Indian Ocean “or elsewhere” if the U.S. or Israel strikes again. “ The premium of Brent crude over WTI rose to its highest since May for a second day Meanwhile, officials in Saudi Arabia reported that six ballistic missiles launched by Iran-backed Houthis in Yemen had been intercepted, thwarting damage to the southern province of Taif and Yanbu  on the Red S