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Oil Prices Extend Gains After US-Iran Strikes; OPEC+ Holds Output Quotas Steady

Times Now · WorldNews · 2026-09-07

Oil Prices Extend Gains After US-Iran Strikes; OPEC+ Holds Output Quotas Steady

Oil prices have extended gains on Monday as tit-for-tat strikes between the US and Iran on vessels sailing in the Strait of Hormuz have mounted concerns of prolonged supply disruption. Both WTI and Brent Crude prices gained over 0.5 percent and Brent Crude traded near 97 dollars per barrel. Oil Prices Extend Gains After US-Iran Strikes; OPEC+ Holds Output Quotas Steady, Economy, Times Now.

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