Business

Oil Prices Surge Amidst Tensions

Updated 2026-09-01 06:25 UTC 2 sources Negative

Brent oil prices have climbed to $86-$91 a barrel as fears of escalation between the US and Iran continue. The MoU's lapse has stoked concerns over potential conflict.

Coverage timeline — 2 articles

MarketWatch

Oil prices rise after fresh wave of attacks between U.S. and Iran

West Texas Intermediate and Brent crude’s front month contracts both climbed a as hopes for a peace deal became clouded again.

2026-06-01 11:23 UTC

Al Jazeera

Oil prices climb as US, Iranian attacks stoke fears of escalation

After peaking at $94.40 a barrel on August 21, Brent has been trading in the range of $86-$91 since the MoU lapsed.

2026-09-01 06:07 UTC