Oil prices surge over 9% after U.S. reimposes Iran blockade
pre-market1 source ↓written by the desknot a recommendation
- oil closed
- 9.4%
- per barrel
- $78.14
- Brent crude rose
- 9.6%
- per barrel
- $83.30
- soon
- $4 per gallon
Oil prices surged following President Trump's announcement to resume the Iran blockade. U.S. crude oil closed up 9.4% at $78.14 per barrel, while Brent crude rose 9.6% to $83.30 per barrel, marking the highest levels since June. This spike is expected to halt declines in U.S. gasoline prices, with analysts predicting prices may hit $4 per gallon soon. 📈
Not investment advice. For informational purposes only.