Crude oil prices have jumped on Wednesday, adding to the strong gains from the two previous sessions as concerns of a drawn-out gulf war deepen after the U.S. commenced its second round of attacks against Iran yesterday, prompting Iran’s forceful retaliation. Reports of record level oil moving out of the Strait of Hormuz on Monday capped the gains.
WTI Crude Oil for October month delivery was last seen trading up by $0.97 (or 1.08%) at $91.19 per barrel.
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Market Analysis
Crude Oil Surges As U.S.-Iran Flare-Up Intensifies, Leaving Hormuz Reopening Uncertain
2026-09-02 18:37:34
