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Oil prices climb as US, Iranian attacks stoke fears of escalation
Sep 1, 2026
✦Al Jazeera Online

Oil prices climb as US, Iranian attacks stoke fears of escalation

Oil prices climbed on Tuesday as Brent crude rose past $91 a barrel following recent US and Iranian attacks. Tensions in the Middle East grew after strikes near the Strait of Hormuz. Saul Kavonic said, "Hopes of a near-term deal to open the strait have faded as the conflict appears back."

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