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Oil Prices Jump Over 4 Dollars on US-Iran Fighting

Oil prices reached a five-week high as renewed military conflict between the United States and Iran raised concerns over global energy supply disruptions. Brent and WTI futures both rose significantly following fresh airstrikes.

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FILE PHOTO: A drone view shows vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 28, 2026. REUTERS/Stringer/File Photo

Brent Crude Oil rose $4.16 to settle at $94.65 a barrel on Tuesday afternoon following renewed military strikes between the United States and Iran.
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