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US strikes Iran's Qeshm Island, oil prices rise as fears of renewed conflict and disruptions mount

Katherine Langford
Editor-in-Chief · Tuesday, November 3, 2026 at 1:45 AM · 1 min read
US strikes Iran's Qeshm Island, oil prices rise as fears of renewed conflict and disruptions mount — Mumbai Technology news

The US struck Iran's Qeshm Island, pushing oil prices up 0.5% in early Asian trade. The attacks have revived concerns over an escalation of the conflict and prolonged disruption to oil supplies through the Strait of Hormuz.

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