World News Today Live Updates: Iran says will declare ‘prohibited zone’ near Hormuz strait in coming days
Sep 7, 2026 05: 46 AM IST. Oil extends gains after US and Iran strike ships.
Sep 7, 2026 05: 46 AM IST. Oil extends gains after US and Iran strike ships.
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Oil rates extended gains on Monday as tit-for-tat strikes between the US and Iran on vessels sailing in the Strait of Hormuz and other areas heightened worries of a prolonged supply disruption from the Middle East.
Brent crude futures climbed 52 cents, or 0.54%, to $96.80 a barrel by 2354 GMT while US West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%.
Brent rose 7.8% last week while WTI gained almost 10% after the US and Iran resumed attacks and caused a reduction in oil flows through the Hormuz strait where a fifth of the world's oil supply employed to transit.
US forces struck three Iranian oil tankers on Saturday, US Central Command remarked, including one off the coast of Kharg Island, near Iran's key oil export hub. Sep 7, 2026 05: 43 AM IST. Welcome to our live blog.
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Taken together, the developments around world News Today Live Updates: Iran says will declare 'prohibited zone' near point to a situation that is still moving, and the coming days should bring more clarity.
