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EconomyOil prices surge as US-Iran strikes intensify in Strait of Hormuz

Oil prices have climbed to nearly six-week highs as escalating US-Iran strikes disrupt traffic through the Strait of Hormuz, a key oil route. Brent crude is near $97 a barrel, while US petrol and diesel costs rise, increasing household expenses and economic pressure ahead of the midterm elections.

oil pricesStrait of HormuzUS-Iran conflictenergy markets

AAl Jazeera★★★★★2026-09-07 21:17Original

Oil prices surge as US-Iran strikes intensify in Strait of Hormuz
Oil prices surge as US-Iran strikes intensify in Strait of HormuzEconomy
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