https://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensifyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensifyhttps://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensify#u61729Tue, 08 Sep 2026 18:36:13 +0000Brent crude futures rose 0.5 percent to $97.49 a barrel on Tuesday as fears of a prolonged conflict between the US and Iran drive supply concerns. Rising energy costs are triggering broader economic volatility, contributing to a 400 point slide in India's Sensex and an expected decline in the Australian sharemarket. While oil prices reach six-week highs, Goldman Sachs warns that further attacks on shipping in the Strait of Hormuz could drive prices to $120 per barrel.Why it mattersMilitary strikes involving vessels in the Hormuz Strait have reduced shipping traffic to its lowest level sin https://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensifyhttps://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensify#u59581Mon, 07 Sep 2026 07:01:44 +0000Oil prices extended gains on Monday, pushing Brent near $97 a barrel following tit-for-tat military strikes between the United States and Iran involving vessels in the Hormuz Strait and other areas. The escalating conflict drove Brent for November settlement 0.8 percent higher to $97.02 a barrel in Singapore. Kpler data shows traffic through the Hormuz Strait has dropped to its lowest level since May. Meanwhile, global shipping fuel supplies are tightening as refiners shift focus to diesel, and OPEC+ decided to keep its October oil output policy unchanged.Why it mattersThe renewed military con https://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensifyhttps://www.live-feeds.com/feed/oil-prices-set-for-weekly-gain-as-us-iran-hostilities-intensify#u57697Sat, 05 Sep 2026 03:46:18 +0000Oil is heading for its steepest weekly increase since mid-July as renewed military conflict between the US and Iran raises Middle East supply risks. Brent crude rose 7.6% and WTI climbed 10.4% for the week, the highest gains since the week ending July 20. Brent recently reached $96.06 a barrel while WTI hit $92.10. Diesel prices have reached record highs. Hedge funds have increased bullish bets to their highest levels since May as the market reacts to intensifying hostilities and disrupted supply.Why it mattersThe conflict has escalated with reports of Iran firing missiles at Kuwait. These geo