Crude oil prices rise after drone strike in Hormuz
pre-market1 source ↓written by the desknot a recommendation
- surged
- $2.61
- $69.06
- 4%
- climbed
- $1.52
- a barrel
- $75.26
Oil prices reacted sharply following a reported drone attack by the IRGC on a Singapore-flagged container ship in the Strait of Hormuz. Murban crude surged $2.61 to $69.06, up nearly 4%, while Brent crude climbed $1.52 to $75.26 a barrel, a 2.06% gain. In contrast, West Texas Intermediate fell 50 cents to $71.42. This incident raises concerns over potential disruptions in this critical shipping lane.
Not investment advice. For informational purposes only.