Commodities

US Strikes Iranian Tankers, Oil Prices Soar Above $94

Guavy AI Editorial Team Published September 8, 2026

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Oil

Oil prices surged after a US strike on Iranian tankers near Kharg Island, sparking fears of disruptions to global crude exports.

The attack targeted vessels tied to Iran's Islamic Revolutionary Guard Corps and was in response to attempted missile attacks on a US warship, according to a US official.

West Texas Intermediate climbed above $94 a barrel, marking its seventh straight advance, while Brent settled near $98.

The Wire

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