Back to Guavy Wire

Commodities

US-Iran Tensions Send Oil Prices Soaring

Guavy AI Editorial Team Published September 4, 2026

Instruments

Oil

Oil prices are on track for their steepest weekly gain since mid-July as tensions between the US and Iran intensify.

The US-Iran hostilities have heightened concerns over Middle East supply risks, pushing average US diesel prices to record highs.

Brent crude futures were flat at $95.52 a barrel by 0645 GMT, while US West Texas Intermediate crude futures climbed 7 cents to $91.36.

However, Brent rose 7.6% and WTI was 10.4% higher on a weekly basis, the highest gains since the week ended July 20.

More on Commodities

Commodities 2m ago

Aramco Signs $3.7 Billion in Potential Deals with French Firms

Commodities 6m ago

US LNG Exports Surge by 23% in First Six Months of 2026

Commodities 12m ago

Food Price Index Soars Amid Adverse Weather and Trade Disruptions

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy