Commodities

US-Iran Tensions Send Oil Prices Lower on Renewed Disruption Fears

Guavy AI Editorial Team Published September 3, 2026

Instruments

Oil

Oil prices retreated on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran, which risk disrupting supplies from the Middle East.

Brent crude futures fell 43 cents to $95.20 a barrel, while WTI slipped 24 cents to $90.77.

The latest attacks were the most substantial exchange of fire between the two nations since July, with the conflict now in its seventh month.

The Wire

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