Oil prices surge amid U.S.-Iran tensions in Strait of Hormuz
pre-market1 source ↓written by the desknot a recommendation
- oil futures rose
- 4.1%
- per barrel
- $74.33
- Brent futures climbed
- 3.88%
- $78.96
Oil prices increased sharply as tensions escalated between the U.S. and Iran over the Strait of Hormuz. U.S. crude oil futures rose 4.1% to $74.33 per barrel, while Brent futures climbed 3.88% to $78.96. The ongoing military strikes have heightened concerns over energy supply disruptions, impacting market sentiment.
Not investment advice. For informational purposes only.