E-Paper | October 02, 2026

Oil rises 1pc, as US-Iran strikes risk limiting already impaired supplies

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Brent crude prices have risen by one per cent in a volatile session, driven by renewed military strikes between the US and Iran that have restricted world oil supply, Reuters reports.

Brent crude futures were up $1.12, or 1.2pc, to $95.76 a barrel by 1706 GMT (10:06pm PKT). US West Texas Intermediate crude futures were up 92 cents at $91.18.

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