Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning

Fuel tankers carrying Iraqi oil arrive at the coastal storage facilities of the Baniyas Oil Terminal in Tartus province, Syria, on September 13, 2026. Hasan Belal | Anadolu | Getty ImagesOil rose Tuesday amid concerns of growing Iran-U.S. tensions, after U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday. Futures for international benchmark Brent crude for November delivery gained 1.53% at $101.88 a barrel as of 1:37 a.m. ET. U.S. West Texas Intermediate futures for October advanced 1.5% at $97.22 per barrel.Stock Chart IconStock chart icon BrentBessent told CNBC that all Iranian airlines will be shut down from Wednesday. "How do we do that? That if they land, you cannot provide them with fuel. You cannot provide them with landing services, you cannot sell them tickets, or you will be knocked out of the dollar system," Bessent said on CNBC's "Squawk Box." Investors are still eyeing a possible diplomatic solution to the Mideast conflict, following news that Iranian president Masoud Pezeshkian is set to fly to the United Nations in New York. Pezeshkian will address the assembly and present Iran's positions on "international deve...