On the night of 31 August, the US carried out strikes on two Iranian missile positions on Larak Island, right by the Strait of Hormuz. This is the first such escalation since the beginning of August. Iran retaliated by striking US air bases in Jordan.
The weekend exchange of fire between Iran and the US is fueling concern and supporting oil and gas prices. The rise is particularly visible in European gas and Brent crude.
- NATGAS.EU up about 5%
- OIL and OIL.WTI up about 3%
OIL (D1)
Brent is returning to the level of USD 90 per barrel.
Looking at the RSI [14] chart, it can be observed that volatility remains well below the levels seen at the recent peaks from March to July. Source: xStation5
NATGAS.EU (D1)
Gains in European gas are being supported even more, because disruption in the strait additionally coincides with concerns about gas storage levels in Europe ahead of winter. Source: xStation5
Daily summary: Geopolitics and debt continue to weigh on valuations
Can You Beat the Bond Market?
US OPEN: Market Cornered After Jackson Hole
Chart of the Day: Middle East escalation boosts oil prices (31.08.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
