Brent rose to $94.65 and West Texas to $90.22 per barrel on 1 Sep 2026, up about $4 each, on fears the US-Iran conflict could disrupt Middle East supply and shipping through the Strait of Hormuz. Analysts say the conflict may drag on, and a larger-than-expected drop in US crude stocks could support prices short term. For a Thai SME, watch diesel and fuel surcharges on deliveries and logistics, and consider whether to lock in fuel or freight costs or build price changes into quotes for the coming weeks.