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Crude oil prices rise above $91 again amid fresh US-Iran tensions

short by Mansi Agarwal / on Monday, 31 August, 2026
Brent crude prices jumped above $91 per barrel on Monday after renewed military strikes between the US and Iran. West Texas Intermediate crude also rose nearly 4% to trade around $86 per barrel. Iran's Islamic Revolutionary Guard Corps attacked US bases in Jordan after US forces struck two Iranian launchers on Larak Island in the Strait of Hormuz.
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