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Business

Global oil prices surge to a 6-week high after the U.S. strikes Iran in Hormuz

MarketWatch · September 1, 2026 at 4:13 PM

Global oil prices surge to a 6-week high after the U.S. strikes Iran in Hormuz

Oil prices on Tuesday settled at their highest levels in nearly six weeks, after the U.S. military said it struck Iranian targets in the Strait of Hormuz in response to Tehran’s overnight attacks on ships transiting the vital waterway.

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This story in other outlets

U.S. carries out new military strikes in Iran

Washington Post Politics · 2 h ago

Oil prices surge after U.S. renews Iran strikes, heightening inflation fears

NBC News · 6 h ago

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Vox · 23 h ago

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