# Brent nears $90 after US-Iran strikes: Why is crude oil price rising?

> Crude oil rose more than $1 a barrel on Monday after the U.S. launched strikes on Iran's Larak Island near the Strait of Hormuz, targeting missile launchers. Iran warned of retaliation, adding to concerns about supply disruption. Brent was near $89.18 and WTI near $84.32.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Strikes near the key shipping chokepoint raise energy and freight costs for feed ingredient supply chains. Retaliation risk could push prices higher.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-13 | [Oil prices surge after Israel's strike on Iran \| CBC News](https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news.md) | +12.0% | -0.8% |
| BRENT | 2026-09-10 | [Brent crude oil nears $104 per barrel: Here's why](https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why.md) | +10.5% | +6.7% |
| BRENT | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -3.2% | -7.8% |
| BRENT | 2026-03-01 | [Oil prices are rising sharply after US and Israeli attacks \| AP News](https://feedsoft.ai/events/5234-oil-prices-are-rising-sharply-after-us-and-israeli-attacks-ap-news.md) | +31.0% | +62.6% |
| BRENT | 2025-06-13 | [Risk of regional conflict drives oil price surge after Israel's strike on Iran](https://feedsoft.ai/events/11000-risk-of-regional-conflict-drives-oil-price-surge-after-israel-s-strike-on-iran.md) | +12.0% | -0.8% |
| WTI | 2025-06-13 | [Oil prices surge after Israel's strike on Iran \| CBC News](https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news.md) | +10.2% | +1.1% |
| WTI | 2026-09-10 | [Brent crude oil nears $104 per barrel: Here's why](https://feedsoft.ai/events/17666-brent-crude-oil-nears-104-per-barrel-here-s-why.md) | +6.6% | -4.3% |
| WTI | 2024-04-12 | [Crude oil prices today: WTI, Brent rise as Israel braces for Iran attack](https://feedsoft.ai/events/30930-crude-oil-prices-today-wti-brent-rise-as-israel-braces-for-iran-attack.md) | -2.7% | -6.1% |

## Sources

- zeebiz.com: https://www.zeebiz.com/market-news/news-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising-401380

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.