Oil prices climbed over 2% to exceed $90 after US forces targeted Iranian launchers near the Strait of Hormuz, heightening fears of supply disruptions and regional instability.
Brent crude futures rose by 2.52%
Aug 31, 2026
11:57 am
What's the storyOil prices surged over 2% on Monday after US forces targeted two Iranian launchers on Larak Island in the Strait of Hormuz.
The attack has raised concerns over rising tensions in the Gulf and possible disruptions to global oil supplies.
Brent oil tops $90 after US-Iran fighting resumes in Strait of Hormuz
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Oil jumps more than 2% after US attack on Iran's Larak Island
Oil rises as US, Iran resume military attacks
Oil rises over 3% as US and Iran resume military attacks
Oil rises to near $92 a barrel as US, Iran renew hostilities - Businessday NG
Crude prices rise above $90 per barrel on US-Iran strikes
Oil rises over 3% as US, Iran resumes military attacks
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