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Oil climbs for 3rd straight day, Brent tops $96 on renewed U.S.-Iran fighting

4 sourcesUpdated 2 Sept 2026, 1:05 am Coverage regionsInternational
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The story centres on Oil climbs for 3rd straight day, Brent tops $96 on renewed U.S.-Iran fighting.

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This view focuses on Oil Prices Rise For Third Session: US-Iran Strikes Deepen Hormuz Risks; Brent Above $95, WTI Over $91.

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NewsX Neutral framing Provisional rating

Oil Prices Rise For Third Session: US-Iran Strikes Deepen Hormuz Risks; Brent Above $95, WTI Over $91

Quick source take

NewsX reports that oil prices climbed for a third consecutive session on Wednesday, with Brent surpassing ninety-five dollars and West Texas Intermediate crossing ninety-one dollars per barrel following fresh military strikes between the United States and Iran. The publication notes that the escalation centers on the Strait of Hormuz, where commercial shipping disruptions and attacks on regional bases have heightened supply shock fears. According to the article, U.S. crude inventories also declined by 2.6 million barrels, further adding upward pressure on energy markets.