NEW YORK, 2nd September, 2026 (WAM) -- Oil prices jumped more than $4 a barrel on Tuesday, settling at a five-week high, as traders feared more supply disruptions from the Middle East due to renewed fighting between the US and Iran.
Brent futures rose $4.16, or 4.6%, to settle at $94.65 a barrel. US West Texas Intermediate (WTI) crude rose $4.46, or 5.2%, to settle at $90.22. That was the highest close for Brent since July 24 and for WTI since July 23.