Business

Global oil prices surge above $94 a barrel after the U.S. strikes Iranian targets

MarketWatch · September 1, 2026 at 1:12 PM

Global oil prices surge above $94 a barrel after the U.S. strikes Iranian targets

Oil prices on Tuesday extended their increase from morning action after the U.S. military said it struck Iranian targets in the Strait of Hormuz in response to Tehran’s overnight attacks on ships transiting the vital waterway.

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Global oil prices surge above $94 a barrel after the U.S. strikes Iranian targets

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