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economicAug 31, 2026

Price of futures contracts of Brent oil up 2.9% amid Middle East escalation

Summary

As of 5:35 a.m. Moscow time, the Brent price was up by 2.94% at $90.69 a barrel

Source: TASS (Russia) — Read the full report

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Oman reported rescuing 25 people from a burning oil tanker in the Strait of Hormuz. Concurrently, Iran stated that three oil tankers were halted while attempting to use "unauthorised routes" to cross the strait.

Location: Strait of Hormuz