Oil jumps on reports of possible US strikes against Iran
Oil prices surged amid reports the White House asked the Pentagon for strike options against Iran, raising fears of renewed conflict.
1 h ago10 min read
Oil climbs, stocks fall on reports of US strike on Iran
Crude oil rose nearly $4 and stocks fell on reports of a US attack on Iran. Explosions reported in Chabahar and Bandar Abbas.
01/09/2026 16:412 min read
Reports of a US attack on Iran have pushed crude oil prices up and stock prices down. Local reports indicate explosions were heard in Chabahar and Bandar Abbas.
Crude oil reached a high of $89.85, currently trading at $89.72. That represents a gain of nearly $4 on the day. The session low was $86.70.
US stocks fell, with the Nasdaq index dropping 106 points, or 0.79%, to 26167. It remains above its low of 25995.53. The Nasdaq 100 declined 328 points, or 1.11%, to 29127, also off its low of 28992.25.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Gold rebounds after dip below $4,110; bias stays neutral to bearish
Gold briefly dipped below $4,110 support but recovered, as geopolitical tensions support oil; the technical bias remains neutral to bearish.
3 h ago10 min read
Oil gains amid Middle East risks; Japan, S.Korea stocks drop
Oil prices rose on Middle East risks, while Japanese and South Korean stocks fell. Gold rebounded towards $4,140.
7 h ago14 min read
Gold edges up from two-month trough; $4,275 level key, says Pepperstone
Gold rose as the dollar eased from an 18-month high, but a break above $4,275 is needed for a sustained recovery, analysts say.
8 h ago14 min read