Oil up nearly 1% as US and Iran trade fresh strikes

Oil prices rose nearly 1% in early trade on Wednesday, extending the previous session's surge, as concerns over supply disruption intensified after the U.S. and Iran exchanged ​strikes overnight, dimming hopes for a quick easing of tensions in the Middle ‌East.

Sep 2, 2026 - 07:00
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Oil up nearly 1% as US and Iran trade fresh strikes
Oil prices rose nearly 1% in early trade on Wednesday, extending the previous session's surge, as concerns over supply disruption intensified after the U.S. and Iran exchanged ​strikes overnight, dimming hopes for a quick easing of tensions in the Middle ‌East.

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