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Event Brief

Oil prices jump above $94 after US strikes in Hormuz

Global oil prices settled above $94 a barrel on Tuesday, the highest level in nearly six weeks, after the U.S. military said it struck Iranian targets in the Strait of Hormuz. The move followed Tehran’s overnight attacks on ships transiting the waterway.
WHO: U.S. military
WHAT: U.S. military strikes Iranian targets in the Strait of Hormuz, following attacks on ships transiting the waterway, as oil prices settle above $94 a barrel.
WHEN: Sep 1, 2026
WHERE: Strait of Hormuz
WHY: Cause not yet established.
Sources (1): MarketWatch

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