Brent nears $100 as Middle East conflict rattles markets

Middle East Eye · June 3, 2026 War

Brent nears $100 as Middle East conflict rattles markets Oil prices rose more than 1 percent in early trading on Wednesday as markets reacted to escalating tensions between the United States and Iran, including US strikes on Qeshm Island and reported Iranian missile and drone launches towards Kuwait and Bahrain. Brent crude futures gained $1. 05, or 1.