Oil prices hit a six-week high after renewed U.S.-Iran tensions

Oil prices climbed to a sixweek high on Monday as renewed clashes between the U.S. and Iran increased concerns about supply disruption in the Middle East. Brent crude rose to $97.52 a barrel, while West Texas Intermediate advanced to $92.68, both reaching their highest levels since late July. The move followed reports that Saudi Aramco facilities were struck in fresh attacks, though the damage and responsibility were not immediately clear. The latest rise came after the U.S. military said it hit three Iranian oil tankers over the weekend, following Iranian missile attacks on two U.S. Navy warships. Higher crude prices have also pushed gasoline and diesel costs higher, with fuel prices already elevated over the Labor Day weekend.