COMMODITY
Crude oil futures end higher amid escalating Middle East tensions
Sep-02-2026

Crude oil futures ended higher on Tuesday amid rising tensions in the Middle East after the U.S. military said it had struck Iranian targets in the Strait of Hormuz in response to Tehran’s overnight attacks on ships transiting the vital waterway, triggering renewed fears of supply disruptions in the region.

Benchmark crude oil futures for October delivery rose by $4.46 or 5.20% to settle at $90.22 a barrel on the New York Mercantile Exchange. Brent crude for November delivery increased by $4.16 or 4.60% to settle at $94.65 a barrel on the New York Mercantile Exchange.


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