Oil prices 9/10/2025: Oil prices increase due to Middle East instability
Gasoline prices today September 10: World oil prices increased nearly 2% after Israel announced an attack on Hamas leaders in the capital Doha, raising concerns about Middle East instability.
World oil prices today
As of 4:00 a.m. on September 10, oil prices rose sharply after the Israeli military announced an attack targeting Hamas leaders in Doha. Qatar condemned this as a “cowardly” act.
Brent crude oil prices rose $1.18 (1.8%) to $67.20/barrel, while US WTI crude oil rose $1.14 (1.8%) to $63.40/barrel in late morning session in New York time.
Just before the attack was announced, oil markets were trading high on lower-than-expected OPEC+ production increases, expectations of continued Chinese oil stockpiling and concerns about new sanctions on Russia.
Analysts say Russia’s recent major airstrikes in Ukraine have increased the likelihood of the US and its allies tightening sanctions. President Donald Trump has also signaled his readiness to move to a second phase of restrictions. If that happens, Russian oil supplies on the global market will fall, putting pressure on prices to push higher.
In addition to geopolitical factors, expectations that the US Federal Reserve will cut interest rates at its meeting next week are also supporting the energy market. Low interest rates help reduce borrowing costs, stimulate economic growth and increase oil demand.
Both commodities and stocks will closely follow the Fed's policy decision on September 16-17, according to StoneX expert Alex Hodes. Investors are now betting on another rate cut after last week's weak jobs report.
Domestic oil prices today
The Ministry of Industry and Trade adjusted the prices of petroleum products, effective from 3 p.m. on September 4. Accordingly, most key products increased slightly compared to the previous adjustment period.
Domestic retail prices of gasoline on September 10 are as follows:
- E5 RON 92 gasoline price increased by 80 VND, to 19,851 VND/liter.
- RON 95 gasoline price increased by 76 VND, to 20,439 VND/liter.
- Diesel oil increased the most with an increase of 116 VND, to 18,473 VND/liter.
- Kerosene price remained stable at 18,314 VND/liter.
- Fuel oil price increased by 116 VND to 15,376 VND/kg.
During this period, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside the Price Stabilization Fund for any petroleum products. The decision to adjust prices was made based on world price developments, the VND/USD exchange rate and current regulations.
The aim of this adjustment is to ensure that domestic prices most closely reflect world market fluctuations, maintain a reasonable difference between E5 and RON 95 gasoline to encourage consumers to use biofuels, and balance the interests of relevant parties.
The Ministry of Industry and Trade requires petroleum businesses to ensure adequate supply to the market and closely coordinate with authorities in inspection and supervision. Any violations will be strictly handled.
