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

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

By Florence Tan SINGAPORE, Aug 31 (Reuters) - Oil prices were trading more than 2% higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month.

Oil settles up by more than 2.5% as US and Iran resume military attacks

Oil settles up by more than 2.5% as US and Iran resume military attacks

By Georgina McCartney HOUSTON, Aug 31 (Reuters) - Oil prices settled more than 2.5% higher on Monday after a resumption of military action between the U.S. and Iran rekindled market concerns about global supply disruption, as the conflict extended into its sixth month.

Oil rises over 2% as US and Iran resume military attacks

Oil rises over 2% as US and Iran resume military attacks

By Georgina McCartney HOUSTON, Aug 31 (Reuters) - Oil prices gained more than 2% on Monday after a resumption of military action between the U.S. and Iran rekindled market concerns about global supply disruption, as the conflict extended into its sixth month.

Oil rises over 3% as US, Iran resumes military attacks

Oil rises over 3% as US, Iran resumes military attacks

By Enes Tunagur LONDON, Aug 31 (Reuters) - Oil prices rose more than 3.5% on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and Tehran said it had retaliated, as their conflict extended into its sixth month.

Oil jumps more than 1% after US attack on Iran's Larak island

Oil jumps more than 1% after US attack on Iran's Larak island

By Florence Tan SINGAPORE, Aug 31 (Reuters) - Oil prices jumped more than $1 a barrel on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as conflict in the Middle East extended into its sixth month.

Detroit Free Press

Ahead of Labor Day, Middle East fighting resumes and oil prices surge

Ahead of Labor Day, Middle East fighting resumes and oil prices surge

It was unclear how much the latest Middle East strikes would affect average gas prices.

Morning Bid: Oil climbs as missiles fly in the Gulf

Morning Bid: Oil climbs as missiles fly in the Gulf

A look at the day ahead in European and global markets from- Wayne Cole. The week started with a bang in Iran as U.S. forces struck two missile launchers on Larak island in the Strait of Hormuz, while Tehran attacked U.S. forces in Jordan.

World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

World shares are mixed and oil prices surge after US strike on Iranian rocket launchers

Shares are mixed in Europe and Asia and U.S. futures have declined on expectations that the U.S. Federal Reserve may raise interest rates soon

Goldman Sachs sends blunt message on oil price, economy

Goldman Sachs sends blunt message on oil price, economy

Goldman Sachs' note on oil markets and the Strait of Hormuz has real implications for the U.S. economy.

Is Trump's big, splashy Venezuela oil deal real?

Is Trump's big, splashy Venezuela oil deal real?

President vows a U.S.-backed venture will lead a Venezuelan oil resurgence.

Europe's STOXX 600 falls as oil prices jump, but secures fifth monthly gain

Europe's STOXX 600 falls as oil prices jump, but secures fifth monthly gain

By Medha Singh and Ragini Mathur Aug 31 (Reuters) - European shares fell on Monday as fresh U.S.-Iran military strikes drove oil prices and bond yields higher, though the benchmark STOXX 600 marked its fifth consecutive monthly gain.

Oil settles lower on clues about Fed policy, rumors of Hormuz deal

Oil settles lower on clues about Fed policy, rumors of Hormuz deal

By Erwin Seba HOUSTON, Aug 28 (Reuters) - Oil prices settled lower on Friday, also down for the week as traders evaluated hints about the U.S. Federal Reserve Bank's inflation-fighting policy and rumors of a possible agreement on shipping through the Strait of Hormuz.