Oil prices extended gains on Tuesday as renewed military exchanges between the United States and Iran, along with Donald Trump’s vow to hit Tehran “hard,” raised fears of broader escalation after weeks of relative calm. The live blog tracks the latest developments.
WHO:Donald Trump; United States and Iran
WHAT:Oil prices rose further amid renewed US-Iran military exchanges and Trump’s vow to hit Tehran “hard.”
WHEN:Sep 1, 2026
WHERE:Middle East
WHY:Renewed military exchanges between the United States and Iran and Trump’s vow to hit Tehran “hard” fueled fears of broader escalation.
