Oil Price Today (September 1): Crude oil above $90 as US, Iran attacks jolt Hormuz hopes. $100 in sight?

Crude oil prices rose on September 1 as renewed fighting between the U.S. and Iran sparked supply fears. Brent crude futures gained 70 cents to reach $91.20 a barrel. Tensions near the Strait of Hormuz grew after a tanker reported being struck by projectiles, leaving markets worried about future costs.