August 31, 2026
US President Donald Trump speaks after signing executive orders in the Oval Office of the White House in Washington, DC, on August 7, 2026. (Photo by Jim WATSON / AFP)
Oil prices jumped more than two percent Monday, with the Brent international benchmark rising above $90 a barrel after a fresh flare-up in the US-Iran war.
Meanwhile, stocks on Wall Street dipped and were mixed elsewhere as investors continued to react to hawkish comments from Federal Reserve chief Kevin Warsh.
After a run lower for most of last week, oil price spiked again Monday, a day after the United States said it had attacked Iranian rocket launchers on a small island in the Strait of Hormuz, its first strikes on the country in a month.
