https://www.live-feeds.com/feed/oil-set-for-steepest-weekly-gain-since-mid-july-fuelled-by-us-iran-clashesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-set-for-steepest-weekly-gain-since-mid-july-fuelled-by-us-iran-clasheshttps://www.live-feeds.com/feed/oil-set-for-steepest-weekly-gain-since-mid-july-fuelled-by-us-iran-clashes#u59367Mon, 07 Sep 2026 02:52:56 +0000Oil prices are on track for their largest weekly increase since mid-July as hostilities between the US and Iran intensify. While prices eased on Friday, the market remains volatile following a four-day rally. Brent crude is nearing $96 per barrel and diesel prices are approaching record highs. The conflict has now directly impacted oil transport infrastructure, heightening risks to Middle East supply. This volatility coincides with a strong US labor market, where August 2026 saw 162,000 jobs created, complicating Federal Reserve interest rate decisions.Why it mattersMiddle East supply risks ty https://www.live-feeds.com/feed/oil-set-for-steepest-weekly-gain-since-mid-july-fuelled-by-us-iran-clasheshttps://www.live-feeds.com/feed/oil-set-for-steepest-weekly-gain-since-mid-july-fuelled-by-us-iran-clashes#u57491Fri, 04 Sep 2026 23:53:37 +0000Oil prices are on track for their largest weekly increase since mid-July as intensifying hostilities between the US and Iran raise Middle East supply risks. Brent crude is nearing $96 per barrel. While prices eased on Friday, the market remains volatile following a four-day rally. Diesel prices are currently approaching record highs. Market participants remain on edge as the conflict shows no sign of resolution, though some recent price movements have remained flat despite direct military actions.Why it mattersGeopolitical instability in the Middle East often threatens global oil transit and p