{
  "id": 6215722,
  "title": "Oil rises as risks of prolonged Mideast conflict heighten supply worries",
  "url": "https://urgent.news/2026/09/08/oil-rises-as-risks-of-prolonged-mideast-conflict-heighten-supply-6215722",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T02:23:22.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/09/1528051/oil-rises-risks-prolonged-mideast-conflict-heighten-supply-worries"
  },
  "original_language": "en",
  "account": "Oil prices surged on Tuesday as concerns over a prolonged conflict in the Middle East intensified, increasing worries about potential supply disruptions, reports New Straits Times. Brent crude futures jumped 34 cents, or 0.35 percent, to US$97.34 a barrel, while US West Texas Intermediate crude rose 1.26 percent to US$92.63 a barrel. The price increase came as traders built a risk premium into prices due to heightened tensions around the Strait of Hormuz, a crucial route for global crude shipments. Iran had previously warned that its energy infrastructure in the Gulf, including US oil and gas interests, was vulnerable. This followed a series of tit-for-tat attacks over the weekend, with no signs of a diplomatic resolution in sight. US forces launched strikes on three Iranian oil tankers, including one near Iran's key oil export hub, Kharg Island, on Saturday, following similar strikes by Iran's Revolutionary Guards on US warships. Analyst Daniel Hynes of ANZ noted that the ongoing conflict could keep Persian Gulf supply constrained through the end of 2026, with a full return to pre-war throughput only expected in late Q1 or early Q2 2027. Financial giant Goldman Sachs also raised its price forecasts for Brent and WTI crude, projecting elevated prices through December 2026 and 2027 due to continued concerns over Middle East shipping disruptions.",
  "summary": "BENGALURU: Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new US attacks on its assets, heightening worries over supply disruption.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Oil rises as risks of prolonged Mideast conflict heighten supply worries",
        "url": "https://urgent.news/2026/09/08/oil-rises-as-risks-of-prolonged-mideast-conflict-heighten-supply",
        "published": "2026-09-08T00:50:52.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Oil rises as risks of prolonged Mideast conflict heighten supply worries",
        "url": "https://urgent.news/2026/09/08/oil-rises-as-risks-of-prolonged-mideast-conflict-heighten-supply-6223924",
        "published": "2026-09-08T02:56:17.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil rises as risks of prolonged Mideast conflict fan supply worries",
        "url": "https://urgent.news/2026/09/08/oil-rises-as-risks-of-prolonged-mideast-conflict-fan-supply-worries",
        "published": "2026-09-08T03:31:00.000Z"
      }
    ]
  },
  "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."
}