Markets · Commodity markets, September 2

Renewed US-Iran fighting near the Strait of Hormuz set the tone across energy

Wednesday, September 2, 2026. From GEO's evening brief, after the close.

WTI settled at $91.01/bbl, up 0.88%, Brent at $95.63/bbl, up 1.04%, and Henry Hub advanced 1.79% to $2.956/MMBtu on bullish September heat forecasts. Softs moved the other way, with cocoa down 4.28% to $6,290/MT and coffee down 3.91% to 297.35¢/lb. Palladium stood out, up 2.25% to $1,360.50/oz.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.