World

Oil prices rise following military attacks between the United States and Iran

Oil prices have increased by 1.6% after new attacks in the Middle East between the United States and Iran, surpassing $90 per barrel.

2 September 2026Tagblick Newsdesk

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Archive photo: Oil prices rise following military attacks between the United States and Iran — Archive photoPhoto: Gastón Cuello · Wikimedia Commons · CC BY-SA 4.0

Oil trading opened this Sunday (30) with a 1.6% increase, reaching prices close to $90, the highest figure in the last six days. This price hike comes amid escalating tensions in the Middle East between the United States and Iran.

Iran has launched a missile and drone offensive targeting U.S. interests in the region. The Islamic Revolutionary Guard characterized the response to Washington as a "decisive operation," claiming that U.S. bases and interests are under attack.

Iranian attacks have been reported against several military bases in Jordan, the United Arab Emirates, Kuwait, and Bahrain. According to state media, these strikes specifically targeted radar facilities and concentrations of U.S. forces.

These events mark a significant uptick in violence, being the worst escalation following approximately a month of calm. The attacks were in response to a recent U.S. airstrike that left four dead in Iran during a wedding celebration.

A tanker was also struck by several projectiles of unknown origin while transiting through the Strait of Hormuz, adding further tension to the situation in the region. This attack is part of the series of military offensives exchanged between the two nations.

Recent events have raised concerns about stability in the Middle East, with potential repercussions for the oil market and regional navigation security. Regional authorities and international actors are closely monitoring the situation.

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