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At close · Thu, Sep 3, 2026
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Home›Commodities›Energy›Oil rises as renewed Mideast hostilities stoke prolong…

Oil rises as renewed Mideast hostilities stoke prolonged conflict fears

Investors are focused on the risk that further escalation in the U.S.-Iran standoff could keep crude prices supported.

Reported · Written up by our desk · Energy

Oil prices extended gains on Tuesday as renewed Middle East hostilities increased concerns about the risk of a longer conflict, according to CNBC Markets.

The latest move comes after the weekend exchange of strikes between the U.S. and Iran, which renewed market worry about supply disruptions.

CNBC World also linked the rise to escalating tensions in the region and the possibility that the situation could persist.

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Sources

CNBC MarketsOil extends gains as renewed Mideast hostilities raise worries of prolonged conflict
CNBC WorldOil extends gains as renewed Mideast hostilities raise worries of prolonged conflict

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