Oil Price Today (September 4): Crude oil at $96, set for a 7% weekly surge as Iran, US exchange attacks. W
- Posted on September 4, 2026
- By Business News Today
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- 1 min read
In brief
Crude oil prices surge to $96 per barrel amid escalating geopolitical tensions between Iran and the United States. The recent military exchanges mark the most significant confrontation since July, driving a projected 7% weekly gain in energy markets. Spanning seven months of intermittent conflict initiated by US-Israeli operations in February, these developments continue to influence global petroleum valuations and investor sentiment across commodity trading platforms.
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Oil Price Today (September 4): Crude oil at $96, set for a 7% weekly surge as Iran, US exchange attacks. W
The latest US attacks, which killed and wounded dozens of people, including Iranian civilians, have resulted in the most intense clashes between the two countries since July. The conflict, which began with US-Israeli strikes at the end of February, has now entered its seventh month.
