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Oil Extends Advance as US-Iran Escalation Revives Hormuz Risks

Summary by Bloomberg
US oil prices topped $90 a barrel and European gas prices surged to a three year high, as fresh American strikes on Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz.

6 Articles

The price of crude oil of the US variety WTI climbed to over 90 dollars for the first time since the end of July. Washington calls on its citizens in the Middle East to increase caution.

·Munich, Germany
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Lean Left

Today, America's raw material increased by more than 4% on Tuesday to exceed $90 per barrel for the first time since last July, and this major rise was the result of the escalation of attacks between the United States and Iran.

Economy: Oil prices continued to gain today Tuesday as tensions escalated in the Middle East, where the United States launched new strikes against Iran...

World oil prices are rising by 4 to 5 per cent, the first time since the end of July the value of one U.S. barrel WTI exceeded the 90 dollar mark, according to data... ~ 01.09.2026, PRIM

Texas Intermediate Oil (WTI) this Tuesday rose by 5.2%, to $90.22 a barrel, following the new U.S. attacks on Iran. Texas’s oil entry exceeds $90 a barrel after further U.S. attacks on Iran was first published in the Digital Process.

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  • 67% of the sources lean Left
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Bloomberg broke the news in New York, United States on Monday, August 31, 2026.
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