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31 August 2026 · 00:40

Oil prices surge over 2% following US strike on Iran

Image from Walla

According to Walla News, global oil prices surged by more than 2% following a US military strike on targets in Iran. This development has heightened concerns regarding a potential return to a state of war and the escalation of tensions between Tehran and Washington. Analysts have described the situation as a war of attrition and a race against time between the two nations. Further details regarding the scope of the strike and potential responses from either side have not yet been released.