Oil hits highest since May as war fears grip markets
Oil surged to its highest since May on worries about US-Iran escalation, lifting Treasury yields and pressuring gold, while stocks slipped.
8 h ago6 min read
Kuwait reports missile and drone strikes, lifting oil prices
Kuwait's military says air defences are responding to Iranian missile and drone attacks, helping push oil prices higher.
03/09/2026 01:512 min read
An update from the nation's armed forces:
- Kuwaiti air defences are engaging Iranian missile and drone attacks
- any blasts audible are from defensive systems intercepting hostile objects
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This could challenge the more bearish oil developments we have seen:
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