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Oil prices rise and stocks fall after US hits Iranian sites in the Strait of Hormuz
Summary by The San Antonio Editorial Desk Elaine Kurtenbach, Associated Press , as published by KSAT 12 (ABC affiliate)
· August 31, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
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Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Elaine Kurtenbach, Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Aug 31, 2026 Indexed here Aug 31, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Oil prices surged after a US strike on Iranian rocket launchers, with Brent crude jumping 3. Shares were mixed in European and Asian markets, with Germany's DAX losing 0.
Shares were mixed in European and Asian markets, with Germany's DAX losing 0.9% and the CAC 40 in Paris edging 0.1% lower. US futures declined due to expectations of a potential interest rate hike by the US Federal Reserve.
Oil prices surged after a US strike on Iranian rocket launchers, with Brent crude jumping 3.8% to $91.40 per barrel. This development marks a shift from the recent focus on economic pressure to open conflict.
Further details on the market reaction and the US strike are available, including the impact on US benchmark oil prices and the potential consequences for the region.
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KSAT 12 (ABC affiliate) reported and published this story. The San Antonio selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
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As published by KSAT 12 (ABC affiliate) . The San Antonio selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact the editor .
Category: News Published: August 31, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? Shares were mixed in European and Asian markets, with Germany's DAX losing 0.9% and the CAC 40 in Paris edging 0.1% lower. US futures declined due to expectations of a potential interest rate hike by…
When was this published? This article was first published on August 31, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Elaine Kurtenbach, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
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