Oil prices rise amid US-Iran tensions and Hormuz deal uncertainty
after close1 source ↓written by the desknot a recommendation
- crude prices surged
- 3.4%
- a barrel following
- $99.45
- Intermediate crude fell
- 3.9%
- $92.85
Brent crude prices surged 3.4% to $99.45 a barrel following reports of fresh U.S. strikes against Iran, overshadowing hopes for a deal to reopen the Strait of Hormuz. In contrast, U.S. West Texas Intermediate crude fell 3.9% to $92.85. This volatility highlights the ongoing geopolitical risks impacting oil markets.
Not investment advice. For informational purposes only.