Oil prices soar due to Iranian attacks, with the dollar and yields rising
2026-09-01 06:56:29
According to CoinMeta, Monday's market updates showed that due to the U.S. attack on Iran, the price of Brent crude oil broke through $90 per barrel, and the price of WTI crude oil exceeded $86. Federal Reserve Chairman Kevin Warsh's speech at Jackson Hole reinforced the hawkish stance, driving up the dollar and Treasury yields. Despite the tense situation, reports indicate that there is still 6 to 8 million barrels of crude oil transported daily through the Strait of Hormuz, with relatively limited actual supply disruptions. The market is paying attention to the upcoming China Caixin PMI and U.S. employment reports to determine the future direction of the market.
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Source:Internet
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