Oil prices rise above $95 as US-Iran tensions fuel supply concerns

Author: AyobamiPublished on: September 2, 2026Country: United States

PoliticsBusiness & Economy

Oil prices rise above $95 as US-Iran tensions fuel supply concerns

Brent crude rose 5.38% to $95.36 per barrel, while WTI gained 5.95% to $90.86 per barrel due to renewed tensions between the US and Iran. Military exchanges between the two countries have heightened fears of supply disruptions from the Middle East. The US launched air strikes on Iranian targets, and President Trump threatened further strikes after direct attacks were exchanged.

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