
Oil jumps more than 2% after US attack on Iran's Larak island

Business
Oil jumps more than 2% after US attack on Iran's Larak island
by DZRH News31 August 2026
FILE PHOTO: Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 27, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo
SINGAPORE, Aug 31 (Reuters) - Oil prices jumped more than 2% on Monday, with Brent back above $90 a barrel, after U.S. forces struck two Iranian launchers on Iran's Larak island in the Strait of Hormuz on Sunday, the first known American strikes on the Gulf nation since late July.
Brent crude futures climbed $2.22, or 2.52%, to $90.32 a barrel by 2202 GMT while U.S. West Texas Intermediate crude was at $85.41 a barrel, up $2.01, or 2.41%.
(Reporting by Florence Tan; Editing by Chris Reese)
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