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FrontRow · Aug 31, 2026

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Oil rose Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday. Futures for international benchmark Brent crude for November delivery gained 1.54% at $89.46 a barrel. U.S. West Texas Intermediate futures for October advanced 1.44% at $84.60 per barrel. "I can confirm that earlier today U.S. forces struck two Iranian launchers on Larak Island. Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into the Strait of Hormuz," Navy Capt. Tim Hawkins, a U.S. Central Command spokesperson, said in a statement. According to the Associated Press, Sunday's attack was the first publicly acknowledged U.S. strike on Iranian positions since late July.

Oil rose Monday, amid heightened concerns over supply disruptions after U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday. Futures for international benchmark Brent crude for November delivery gained 1.54% at $89.46 a barrel. U.S. West Texas Intermediate futures for October advanced 1.44% at $84.60 per barrel. "I can confirm that earlier today U.S. forces struck two Iranian launchers on Larak Island. Islamic Revolutionary Guard Corps forces were observed preparing to launch rockets with sea mines into the Strait of Hormuz," Navy Capt. Tim Hawkins, a U.S. Central Command spokesperson, said in a statement. According to the Associated Press, Sunday's attack was the first publicly acknowledged U.S. strike on Iranian positions since late July.

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