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Oil rises more than 2% after reported U.S.-Iran escalation

United StatesIran
First seen: Sep 1, 2026, 12:01 AM UTCUpdated: Sep 1, 2026, 1:16 AM UTC

Oil prices jumped more than 2% following reports of a U.S. attack on an Iranian island and broader U.S.-Iran escalation.

Further escalation could disrupt energy supply expectations and raise global fuel costs.

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