CNBC
Oil rises over 1% after U.S. forces strike two Iranian rocket launchers on Larak Island
Monday, August 31, 2026
Oil prices rose more than 1 percent Monday following a U.S. military strike on two rocket launchers located on Iran's Larak Island on Sunday. The strike occurred in the Persian Gulf region. Oil market participants cited concerns about potential supply disruptions as a factor in the price movement.
Original reporting: https://www.cnbc.com/2026/08/31/oil-prices-hormuz-iran-larak-island-centcom.html