Oil surges above $95 on renewed US-Iran fighting and Hormuz disruption concerns
The National · 2 Sep 2026

Oil surges above $95 on renewed US-Iran fighting and Hormuz disruption concerns

Oil prices continued to rise on Wednesday following a 4.6 per cent surge the previous day as renewed fighting between the US and Iran fuelled concerns about increased disruption through the Strait of Hormuz. Brent, the benchmark for two thirds of the world's oil, was up 0.87 per cent to $95.47 a bar


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