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Oil Rises As US and Iran Exchange Attacks | The Opening Trade 8/31/2026

Brent oil jumped after the US and Iran exchanged strikes for the first time in about a month.

American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game.

Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

Source: Bloomberg MarketsOriginal source

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⚠️ A model estimate of cascade risk — not a guarantee and not buy/sell. Calibration uses resolved outcomes only; monitor confirmation indicators below.
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