World · 3 September 2026

Oil slips as renewed US-Iran fighting threatens Middle East supplies

Brent fell 0.62% to $95.04 a barrel on Thursday, while US crude dropped 0.42% to $90.63. Donald Trump said on Wednesday that US forces had struck Iran's radar and missile systems, while fighting appeared to ease after no confirmed exchanges since midday. Only four commodity vessels crossed the Strait of Hormuz on Wednesday, versus a 10-day average of around 13.

By BriefTea Editorial · 3 September 2026 at 7:55

Reported by Reuters · How we write briefs

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