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Crude oil futures gain after US forces attack Iranian island
Aug 31, 2026
✦Business Line

Crude oil futures gain after US forces attack Iranian island

Crude oil futures traded higher on Monday morning after US forces attacked an Iranian island in the Strait of Hormuz. Brent oil futures rose to $90.18, while WTI crude reached $85.09. Experts said, "This reinforces concerns about a prolonged stalemate between both sides and disruptions to energy flows."

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