Sunday, August 9, 2026
Oil prices pop amid U.S.-Iran tensions, Wall Street selloff; Brent hovers near $70- oil and gas 360

Oil prices pop amid U.S.-Iran tensions, Wall Street selloff; Brent hovers near $70

(Investing) – Oil prices hovered at four-month highs on Thursday, extending recent gains amid fears that rising geopolitical tensions between the U.S. and Iran could result in supply disruptions from the key Middle East producer. At 10:58 ET (15:58 GMT), Brent oil futures for March rose 3.2% to $69.55 a barrel, having earlier climbed as high as $70.58 a barrel, its highest since