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ReportedShipping, energy & marketsLondon, United Kingdom

Brent climbs above $95 after a 4.6% jump as US-Iran strikes widen

Mountain Time
Local time
5:09 AM in London, Sep 2
Where
London, United Kingdom

Brent was up 0.87% at $95.47 a barrel and WTI up 0.55% at $90.72 early on Sept. 2, extending a 4.6% surge the previous day after the US strikes on Iran and Iran's retaliation. Kpler data showed about five vessels, excluding container ships, crossed Hormuz on Sept. 1, against 23 a week earlier.

Why it matters

US government figures on Hormuz oil flows are far higher than independent ship-tracker counts, so prices are tracking the risk of new attacks more than verified volumes.

Sources (4)

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels

Correction

  • Corrected the time from 5:00 PM Dubai time, Sep 2, 2026 to 5:09 AM London time, Sep 2, 2026; corrected the headline (it read "Brent crude surges above $95 a barrel on renewed US-Iran fighting"); revised the summary; revised the context note; corrected the location from Strait of Hormuz / global oil markets to London, United Kingdom; reclassified it from energy-market to energy-markets; updated the sourcing note; merged a duplicate entry into this one ("Brent Crude Climbs to $94.86 as Fresh US-Iran Strikes Cloud Hormuz Reopening"); added a source: CNBC. Why and evidence