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

After peaking at nearly $94.40 a barrel on August 21, Brent has been trading in the range of $86-$91 since the truce between the sides lapsed without an extension or permanent peace deal.Published On 1 Sep 20261 Sep 2026Oil prices are climbing amid fears of escalation in the Middle East following the first exchanges of fire between the United States and Iran in more than a month over the weekend.Brent crude, the international benchmark, rose more than 1 percent on Tuesday to top $91 a barrel, extending a more than 2.5 percent gain from the previous day.Recommended Stories list of 4 itemslist 1 of 4African NGOs demand probe into six bodies found in Guinea mass gravelist 2 of 4New York police kill knife-wielding woman in Times Squarelist 3 of 4Toxic haze from Indonesian forest fires chokes Malaysian Borneolist 4 of 4US brings back Russia’s finance minister to G20 talks, angering Europeend of listBrent scheduled for November delivery stood at $91.44 a barrel as of 05:00 GMT, up from just over $88 a barrel when markets closed on Monday.The latest rise came amid renewed tensions in the Middle East following US strikes on Iran’s Larak ⁠Island and Iranian attacks on two bases used by US f...