{ "story_id": "0cd25a3e0767bd2fa7b2b68ebd205bb1", "desk": "drm3", "revision": 1, "published_at": "2026-09-01T20:42:10.000Z", "content_hash": "54113c0cc13bce2b49e6d0dec885bc410d627ef0b529a0be758211eb01348a23", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "Oil Prices Surge 3% After US and Iran Resume Attacks in Strait of Hormuz", "dek": "WTI crude oil prices jumped over 3% following renewed US and Iranian military strikes in the Strait of Hormuz.", "prose": "The price of Texas intermediate crude oil (WTI) rose by 3.2% to exceed $86 per barrel on Monday following renewed military conflict between the United States and Iran. [^1]\n\nThe United States attacked Iranian military targets on Larak Island in the Strait of Hormuz early Monday morning, according to US Central Command (Centcom). [^2]\n\nEcuador's fuel prices for Extra, Ecopaís, and diesel will change on September 12, 2026, and remain in effect until October 11, 2026. [^3]\n\nIran announced retaliatory attacks against US bases located in Jordan and the United Arab Emirates in response to the US strikes. [^4]\n\nUS Central Command stated that Tehran was preparing to use the targets on Larak Island while finalizing the deployment of naval mines in the Strait of Hormuz. [^5]\n\nInternational oil prices surged since March 2026 due to the war between Iran, the United States, and Israel. [^6]\n\nPremium diesel prices will drop from USD 3.20 to USD 3.18 per gallon. [^7]\n\nThe government anticipates a new price reduction for September similar to the one in August, where prices dropped by USD 0.02 per gallon. [^8]\n\nIncidents in the Strait of Hormuz generated a rebound in international crude oil prices starting July 7, with an average price of $78.8 per barrel. [^9]\n\nWTI crude oil prices began a downward trend starting June 18 after a negotiation agreement was signed between the US and Iran, reaching a low of $68.6 per barrel on July 6. 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