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Oil prices rise after Iran fires missiles at Israel, escalating regional tensions

CNBC · Jun 8, 2026, 12:43 AM · Also reported by 4 other sources

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  • Oil prices rose on Monday amid heightened tensions in the Middle East after Iran fired missiles at Israel, raising concerns that the conflict may drag on.
  • International benchmark Brent crude futures for July gained 2.42% to $92.73 a barrel.

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Oil prices rose on Monday amid heightened tensions in the Middle East after Iran fired missiles at Israel, raising concerns that the conflict may drag on.

International benchmark Brent crude futures for July gained 2.42% to $92.73 a barrel. U.S. West Texas Intermediate futures for August advanced 2.44% to $95.36 per barrel.

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