- International oil prices surged 9% over three days as military clashes between the U.S. and Iran escalated, before losing momentum after comments from President Trump.
- An expert said the latest rise in Middle East tensions would support oil prices, but crude could fall quickly if the U.S. and Iran find an off-ramp and resume peace talks.
- International oil prices have risen more than 30% since the war began, and prices of petroleum products such as diesel have climbed even more sharply than crude amid Middle East supply concerns and the Russia-Ukraine war.
Oil Rally Pauses After 9% Three-Day Surge as Trump Says Iran Strikes Won’t Last Long
Oil prices paused after a roughly 9% gain over three days, according to the report. The move came as Donald Trump said strikes involving Iran would not last long.
bloomingbit
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Sep 2, 2026 at 11:12 PM UTC · Updated vor 2 Tagen · 2 Min. Lesezeit
Key Signal
9% Three-day oil surge
Last Updated
vor 2 Tagen
Übersetzung…
Forecast Trend Report by Period
International oil prices paused after surging 9% over three days as military clashes between the U.S. and Iran rattled markets. Gains lost momentum after President Donald Trump said the attacks on Iran would not last long.
West Texas Intermediate traded around $91 a barrel on September 2, Bloomberg reported. WTI has climbed about 9% over the past three trading sessions. Brent closed below $96 a barrel the previous day.
Trump’s comments helped limit further gains in crude. Asked how long U.S. airstrikes on Iran would continue, he said, “I don’t think it’s going to take that long.” He also said the U.S. was prepared to strike again, leaving open the possibility of additional attacks.
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