Oil extends rally above $97 as US-Iran tensions escalate
Oil prices extended their rally on Monday as escalating military action between the United States and Iran involving commercial vessels intensified fears of a prolonged disruption to crude supplies from the Middle East.
September 07, 2026 (MLN): Oil prices extended their rally on Monday as escalating military action between the United States and Iran involving commercial vessels intensified fears of a prolonged disruption to crude supplies from the Middle East. Currently, Brent crude futures is up, 0.88%, at $97.16 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $0.89, or 0.97%,...