Daily Market Updates: Brent rises above $90 after U.S.-Iran hostilities flare

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At close · Sat, Aug 29, 2026

Commodities

Home›Commodities›Energy›Brent rises above $90 after U.S.-Iran hostilities flare

Brent rises above $90 after U.S.-Iran hostilities flare

Brent gained more than 3% as the U.S. struck Iranian targets for the first time in weeks.

Reported · Written up by our desk · Energy

Oil prices rose Monday, with Brent jumping more than 3% to trade above $90 after a flare-up in U.S.-Iran hostilities.

CNBC Markets and CNBC World said the move followed the U.S. striking Iranian targets for the first time in weeks.

Latest closeBrent $88.29 ▼1.6%

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Sources

CNBC MarketsBrent jumps 3% to above $90 after flare-up in U.S.-Iran hostilities

CNBC WorldBrent jumps 3% to above $90 after flare-up in U.S.-Iran hostilities

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