Crude oil prices gain on fresh US-Iran tensions, supply disruption concerns; Brent above $90 per barrel
US-Iran war, Sept. 1 -- Oil prices rose on Tuesday as renewed tensions between the US and Iran in the Middle East heightened concerns over potential supply disruptions from the world's major crude-producing region.
Brent crude futures climbed 56 cents, or 0.6%, to $91.05 a barrel, while US West Texas Intermediate (WTI) crude gained 83 cents, or 1%, to $86.59 a barrel.
The gains followed a strong performance in the previous session, when Brent settled 2.7% higher after touching its highest level since August 25. WTI also advanced 2.8% and briefly hit its highest level since August 21.
US President Donald Trump on Monday warned of additional strikes against Iran after the two countries exchanged direct attacks for the first time in a mon...
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