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EconomyOil prices climb as US-Iran attacks stoke fears of escalation

Oil prices rose after the United States and Iran exchanged fire for the first time in more than a month, raising fears that the Middle East conflict could escalate. Brent crude topped $91 a barrel, while shipping through the Strait of Hormuz remained heavily constrained. A tanker was struck by unidentified projectiles, with no casualties or claim of responsibility reported.

Oil pricesUS-Iran conflictStrait of Hormuz

AAl Jazeera★★★★☆2026-09-01 06:07Original

Oil prices climb as US-Iran attacks stoke fears of escalation
Oil prices climb as US-Iran attacks stoke fears of escalationEconomy