# Oil Prices Jump After U.S. Strike on Iran

> U.S. strikes Iran's Qeshm Island push oil prices up as peace talks stall.
- Title: Oil Prices Jump After U.S. Strike on Iran · HuffPost
- Summary: U.S. strikes Iran's Qeshm Island push oil prices up as peace talks stall. Oil prices rose $1.6 per barrel after U.S. military action on Iran's Qeshm Island…
- Keywords: oil prices, qeshm island, iran, united states, peace talks, military strike, HuffPost
- Source: HuffPost — https://huffpost.com/entry/oil-prices-us-qeshm-island-strike_n_6ae9a977e4b0816eae60fd39
- Published: 2026-11-03T09:36:56+00:00
- Read time: 1 min
- Topics: oil prices, qeshm island, iran, united states, peace talks, military strike, news, politics
## Oil Prices Rise
Oil prices rose more than $1 on Tuesday as an Iranian official said a deal to end the war was far off, while the U.S. struck Iran's Qeshm Island.
## Market Reaction
U.S. West Texas Intermediate crude rose $1.6 to $98.06 a barrel, while Brent crude futures climbed $1.84 to $106.61 a barrel.
## Iranian Response
Iran's parliament speaker Qalibaf stated Tehran had given Washington a 'strong and rational response,' saying the ball is in the U.S. court.
## Key takeaway

Oil prices rose $1.6 per barrel after U.S. military action on Iran's Qeshm Island, with officials saying a peace deal remains distant.