{
  "id": 4643211,
  "title": "Oil rises over 3% as US and Iran resume military attacks",
  "url": "https://urgent.news/2026/08/31/oil-rises-over-3-as-us-and-iran-resume-military-attacks",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T07:47:45.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/oil-rises-over-3-us-and-iran-resume-military-attacks-6350896"
  },
  "original_language": "en",
  "account": "Brent crude oil prices surged over 2.5% on Monday after renewed conflict between the United States and Iran reignited fears of a global supply disruption. Brent futures climbed to US$90.49 a barrel, its highest since August 25, while US West Texas Intermediate crude rose 2.83% to US$85.76 per barrel. The increase came as the sixth month of the ongoing conflict saw Iran retaliate to an attack on its Larak Island by launching missiles at two US air bases in Jordan. President Donald Trump vowed to \"hit them hard\" in response, although there was no evidence of Iran attacking Kharg Island, as claimed by the president. The post, made on social media with an AI-generated video, provided no further details and Iran denied the claims. With Gulf shipping dwindling in the Strait of Hormuz, traders rebuilt a supply premium, as reported by Gelber & Associates analysts. The US Treasury Secretary stated that the aim of sanctions on Iran was to compel them to negotiate, while the US president announced that oil secured under a deal with Venezuela would replenish the US Strategic Petroleum Reserve.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Iran says targeted US military in UAE, Jordan: state TV",
        "url": "https://urgent.news/2026/08/31/iran-says-targeted-us-military-in-uae-jordan-state-tv",
        "published": "2026-08-31T06:14:08.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Oil rises as US, Iran resume military attacks",
        "url": "https://urgent.news/2026/08/31/oil-rises-as-us-iran-resume-military-attacks",
        "published": "2026-08-31T07:47:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}