US-Iran war, Sept. 3 -- Oil prices slipped on Thursday as investors assessed the uncertainty surrounding renewed military strikes between the U.S. and Iran, raising concerns over potential disruptions to crude supplies from the Middle East.

Brent crude futures declined 43 cents, or 0.45%, to $95.20 a barrel, while US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.26%, to $90.77 a barrel.

Brent and WTI prices fluctuated sharply in the previous trading session, moving between gains of up to $2 a barrel and losses of around $1. The intraday highs for both benchmarks marked their highest levels since July 24.

The latest attacks marked the most significant exchange of fire between the US and Iran since July, as the conflict...