Business · 8 July 2026

Oil rises after US hits Iran overnight

Higher oil prices could unsettle global markets as investors prepare for renewed caution after overnight attacks and retaliation in the Middle East. Late Monday, the United States carried out strikes across Iran, and Tehran later responded by targeting 85 American military sites in Bahrain and Kuwait. Brent crude reached $76 a barrel from $72.

By BriefTea Editorial · 8 July 2026 at 7:15

Reported by City AM · How we write briefs

Get the app

Understand this story

Middle East tensions rise Global markets get nervous Petrol prices going up?

More briefs

BusinessPound climbs to $1.3329 after strong August UK growth data BusinessBritish Food and Drink Exports to EU Fall by Over a Third BusinessIMF economist says UK should cut spending, not tax banks PoliticsHealey Rejects Mansion Tax Change That Would Double Homes Affected BusinessOfgem Plans Charge That Could Make Cheap Energy Deals Harder to Find BusinessBank of England's Bailey Says Inflation Pressures Subdued as Rate Rise Looms More business stories → Browse all stories →