{
  "id": 5385033,
  "title": "Oil prices rise to $96.98 as marketers review petrol prices",
  "url": "https://urgent.news/2026/09/03/oil-prices-rise-to-96-98-as-marketers-review-petrol-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T17:55:53.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/03/oil-prices-rise-to-96-98-as-marketers-review-petrol-prices/"
  },
  "original_language": "en",
  "account": "Oil prices surged closer to $100 per barrel on Thursday, with Brent crude reaching $96.98 per barrel amid ongoing tensions between Iran and the United States. The international benchmark crude had earlier surpassed the $97 mark, while US WTI traded 21 cents higher at $91.22 per barrel. Kuwait's armed forces reported they were facing \"ongoing Iranian aggression\" as their air defenses engaged missiles and drones. This comes as petrol prices in Nigeria have risen above N1,310 per litre at filling stations, with some retailers potentially adjusting pump prices as new petroleum products enter the market. Oil prices have climbed more than 7% this week following the first US-Iran military strikes since July, heightening concerns about potential disruptions to global oil supplies. Washington aims to weaken Tehran's capacity to attack ships passing through the Strait of Hormuz, a crucial route for global crude oil. The continuous military exchanges have raised concerns over the security of the strategic waterway, where a significant portion of global crude oil transits. The latest escalation in the US-Iran crisis has pushed oil prices from around $75 per barrel in July to above $96 per barrel in September 2026.",
  "summary": "Oil prices rose closer to $100 per barrel on Thursday, with Brent crude climbing to $96.98 per barrel as Iran continued striking US Gulf allies, while Kuwait intercepted incoming missiles and drones. The post Oil prices rise to $96.98 as marketers review petrol prices appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}