Further Oil Price Spikes Could Rekindle Recession Fears | EN590 Commodities
EN590 Commodities GroupEN590 / Diesel September 14, 2026
White House Weighs Defense Production Act as U.S. Refineries Maxed Out What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Surging oil and fuel prices have revived inflation and recession fears, with Brent and WTI above $100 and U.S. diesel hitting a record $6 per gallon. This week’s oil price surge sharply raised the odds of a Fed interest rate hike next week and re-launched the recession conversation, for the first time since the early weeks of the Iran war. The price spike this week sawBrent Crude prices topping $100per barrel for the first time since July and the U.S. benchmark,WTI Crude, exceeding $100 a barrel as well, after the U.S.-Iran tensions escalated again with no talks of a
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