{"id":282127,"date":"2026-09-07T15:22:10","date_gmt":"2026-09-07T15:22:10","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/282127\/"},"modified":"2026-09-07T15:22:10","modified_gmt":"2026-09-07T15:22:10","slug":"oil-prices-rise-to-6-week-high-after-iran-and-u-s-trade-blows-saudi-aramco-facilities-reportedly-hit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/282127\/","title":{"rendered":"Oil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit"},"content":{"rendered":"

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. <\/p>\n

Stringer | Reuters<\/p>\n

Oil prices rose to a six-week high on Monday as the U.S. and Iran traded strikes over the weekend, ratcheting up tensions in the Middle East.<\/p>\n

Brent crude oil<\/a> futures, the international oil benchmark, rose 1.3% to $97.52 per barrel on Monday and reached as high as $97.93 a barrel at one point, the highest since July 23. West Texas Intermediate<\/a>, the U.S. oil benchmark, climbed 1.3% to $92.68 and briefly surpassed $93 a barrel, also the highest since late July. <\/p>\n

Saudi Aramco oil facilities were hit in fresh strikes on Monday, according to a report<\/a> by the Financial Times. Damage was still being assessed on the facility in the Saudi Arabian city of Jizan, home to a 400,000-barrel-per-day oil refinery, and it’s not immediately clear who was responsible for the attack, according to the FT. <\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

WTI Crude Oil, YTD<\/p>\n

Oil markets were already set to be on edge because of a weekend flare-up in the conflict. The U.S. military struck three Iranian oil tankers on Saturday after Iran launched ballistic missiles at two Navy warships, U.S. Central Command said<\/a>. <\/p>\n

CENTCOM said the three Iranian ships are part of a “multibillion-dollar shadow network” that funds Iran’s Revolutionary Guard and its regional proxies. <\/p>\n

The Iranian Foreign Ministry, in a statement<\/a> on Saturday, denounced the attacks on commercial vessels as a “war crime” and an act of “economic warfare.”<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Brent crude, YTD<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Vessels near the Strait of Hormuz, as seen from Musandam, Oman, Aug. 31, 2026. Stringer | Reuters Oil…\n","protected":false},"author":2,"featured_media":274036,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[46117,73608,157,135,1770,122,34,110,207,123,51,109,699],"class_list":["post-282127","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-lco26x","tag-lco27g","tag-breaking-news-markets","tag-business-news","tag-government-and-politics","tag-ice-brent-crude-oct25","tag-iran","tag-lp","tag-markets","tag-oil-and-gas","tag-united-states","tag-united-states-oil-fund","tag-wti-crude-sep25"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117230446122113421","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/282127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=282127"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/282127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/274036"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=282127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=282127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=282127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}