S&P 5007,666.60▲0.5% Nasdaq26,217.83▲0.5% Dow53,061.95▲0.6% Russell 2K2,953.17▲1.1% 10-Yr4.80%+0bp VIX15.20−1.14 WTI$90.70▲0.5% Gold$4,431.70▲1.9% EUR/USD1.159▼0.1% BTC$79,153▼1.5% Nikkei66,215▼0.1%
At close · Thu, Sep 3, 2026
Daily Market Updates.

Commodities

Home›Commodities›Energy›Oil rises to 6-week high amid Iran-US tensions and tra…

Oil rises to 6-week high amid Iran-US tensions and trade concerns

Reports of damage to Saudi Aramco facilities, alongside renewed attacks between Iran and the U.S., helped lift crude prices to a 6-week peak.

Reported · Written up by our desk · Energy

Oil prices climbed to a six-week high on Monday as renewed attacks between Iran and the U.S. boosted risk concerns in global energy markets, according to CNBC Markets.

CNBC World linked the move to the broader backdrop of U.S. trade tensions as well, which added pressure to sentiment beyond the immediate conflict.

The reports also pointed to potential disruption at Saudi Aramco facilities, which markets typically watch closely given the company’s role in global supply.

← Newer storyTesla robotaxi steering-wheel-free rollout highlights shift toward fl…

More like this

CommoditiesRussia says it will keep supplying oil to India despite tariff threat
CommoditiesIndia boosts rail coal deliveries as power plant stocks hit lows
CommoditiesIraq targets higher oil output in bid to outpace Saudi Arabia
CommoditiesOil prices jump as China boosts imports and Middle East supply stays disrupted
CommoditiesUS envoys Witkoff and Kushner travel from Moscow to Kyiv on peace push

Sources

CNBC MarketsOil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit
CNBC WorldOil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.