Rebounding from last Friday’s slide, crude oil prices have soared on Monday as the U.S. recommenced attacks on Iran yesterday after a month-long pause, which was followed by Iran’s retaliatory strikes, stoking concerns of a broader re-escalation in the gulf.
WTI Crude Oil for October month delivery was last seen trading up by $2.24 (or 2.69%) at $85.64 per barrel.
The U.S.-Iran war is in its seventh month. For over a month’s time, both nations refrained from any military maneuvers.
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Market Analysis
Crude Oil Surges Amid Uncertainty Over Strait Of Hormuz Reopening After Fresh U.S.-Iran Attacks
2026-08-31 18:35:45
