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Business / World Business

Oil edges down amid uncertainty over US-Iran strikes

Published: 03 Sep 2026 - 09:34 am | Last Updated: 03 Sep 2026 - 09:35 am
Peninsula

QNA

Singapore: Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran.

Brent crude futures fell 43 cents, or 0.45%, to $95.20 ‌a barrel, while U.S. West Texas Intermediate crude futures were down 24 cents, or 0.26%, at $90.77.

Brent and WTI swung between gains of as much as $2 a barrel and losses of $1 a barrel during the previous trading session. The session highs for both benchmarks were the highest since July 24.