Oil Prices Steady After Three-Day Rally as Trump Signals Brief Iran Campaign
Oil prices held steady after a three-day rally on September 2 and 3, 2026, as US President Donald Trump indicated that the recent attacks on Iran would be brief.
Brent crude traded above $95 a barrel, while West Texas Intermediate (WTI) was near $91 per barrel, following an over 8% surge in the past three sessions.
Trump's comments came as US officials signaled robust energy flows through the Strait of Hormuz, which has been a point of contention in the region.
The president said that 'I don't think too long' when asked how long the US bombing campaign could continue, but added that 'we're prepared to do another one.'
This suggests that while the current attacks on Iran may be short-lived, the underlying tensions and risks in the region remain high.