Oil rises above $90 as Middle East conflict keeps Strait of Hormuz shut

IranUnited States

First seen: Sep 1, 2026, 2:16 AM UTCUpdated: Sep 1, 2026, 3:16 AM UTC

WHAT HAPPENED

Crude oil prices have climbed above $90 per barrel as fighting and fresh US-Iran tensions raise supply disruption concerns. Reports say the Strait of Hormuz remains shut, adding a concrete disruption to the existing energy shock.

SO WHAT?

A prolonged closure of the Strait of Hormuz could constrain global oil supplies and intensify fuel-price and inflationary pressure.

FOR ME

Impact on Switzerland

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MARKETS

Market impact

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COVERAGE

Reports behind this event

business-standard.comen

Oil prices rise as US-Iran fighting renews fears of supply disruptions

Sep 1, 2026, 3:16 AM UTC

teleamazonas.comes

Precios del petróleo repuntan con fuerza tras nuevos ataques en Oriente Medio

Sep 1, 2026, 3:02 AM UTC

moneycontrol.comen

Commodity Corner: Oil rises on US-Iran tensions; gold steadies after two-day decline

Sep 1, 2026, 3:01 AM UTC

timesofindia.indiatimes.comen

Oil climbs past $90 as Middle East conflict keeps Strait of Hormuz shut

Sep 1, 2026, 2:46 AM UTC

theheraldghana.comen

Petrol, diesel prices go up today

Sep 1, 2026, 2:46 AM UTC

livemint.comen

Crude oil prices gain on fresh US-Iran tensions, supply disruption concerns; Brent above $90 per barrel

Sep 1, 2026, 2:31 AM UTC

economictimes.indiatimes.comen

Oil prices rise as latest fighting resurrects Middle East supply disruption risks

Sep 1, 2026, 2:16 AM UTC