Oil Prices Surge Amid Middle East Tensions | Eau Claire News

Eau Claire News Today | 2 Min News | The Daily News Now! · Sep 1, 2026 · 1m

Wall Street tumbled Monday as U.S. military strikes on Iran’s rocket launchers in the Strait of Hormuz reignited regional tensions, sending oil prices soaring and fueling inflation fears. Energy stocks like Exxon and Chevron surged, while Brent crude jumped over 3% to nearly $91 a barrel. With gasoline averaging over $4 a gallon daily — the priciest August on record — the Fed faces mounting pressure to hike rates again despite a stalled job market. The August jobs report looms, adding another layer of risk to the economy’s fragile balance. Listen in comfort:Get a discount on a Soli Pillow…