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3 sourcesSep 2, 2026

Oil prices extend gains as US and Iran trade fresh strikes

Reuters - Oil prices rose in early trade on Wednesday, ​extending the previous session's surge, as concerns over supply disruption intensified after the U.S. and Iran exchanged ‌strikes overnight, dimming hopes for a quick easing of tensions in the Middle East. Brent crude futures rose 75 cents, or 0.8%, to $95.40 a barrel by 0345 GMT, while...

Ada Derana Biz•Sep 2, 2026
Asian markets tumble as US-Iran fighting lifts oil and bond yields
By Biz Editor
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Summary

Reuters - Stocks slumped in Asian trading on Wednesday as a bond market-induced selloff on ‌global markets spilled over into the region, after renewed attacks by the U. on Iran pushed oil prices higher. MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.5% as South Korea's KOSPI dropped more than 3%, while the Nikkei 225 was down 2.6%.

Summarised from Ada Derana Biz

What this story is about

People
  • Kevin Walsh
  • Trump
Organisations
  • Reuters2
  • Bloomberg agency
  • Brazos Midstream
  • Capricorn Energy
  • Federal Reserve
  • Goldman Sachs
  • Genel Energy
  • ICE exchange
Places
  • United States4
  • Middle East3
  • Strait of Hormuz2
  • Persian Gulf2
  • Iran2
  • South Deepwater Tano
  • United Kingdom
  • Larak Island
Keywords
  • oil4
  • strikes2
  • brent2
  • retaliatory
  • benchmarks
  • exchanged
  • prolonged
  • conflict
  • contract
  • exceeded

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

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Also reported by

3 newsrooms have reported this story

  • Oil prices extend gains as US and Iran trade fresh strikesAda Derana Biz·Sep 2, 2026
  • U.S.-Iran Strikes Put $100 Oil Back in FocusHiru News - English·Sep 2, 2026
  • Brent crude nears $96 amid US-Iran conflictHiru News - English·Sep 2, 2026
  • Brent oil price rises above US$96Ada Derana·Sep 2, 2026
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