Oil up more than 2% as renewed US-Iran strikes stoke supply fears
https://economictimes.indiatimes.com/markets/us-stocks/news/oil-up-more-than-2-as-renewed-us-iran-strikes-stoke-supply-fears/articleshow/133684457.cms
Oil prices surged as hostilities reignited between the United States and Iran. This escalation raised alarms over possible supply interruptions from the vital Middle East region. In a concerning incident, two Saudi oil supertankers were targeted by projectiles in the Strait of Hormuz. Efforts are underway to negotiate a resolution to restore access to this crucial shipping route.
September 1, 2026 3
