Brent Crude Oil Jumps Over 4% as Iran Conflict Threatens Supply

brent crude oil jumps over 4 as iran conflict threatens supply 2026 07 13 19 17 58

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Brent crude oil rose more than 4% to $78.68 a barrel, while West Texas Intermediate climbed to $73.89, after U.S. strikes on Iran and renewed threats to shipping through the Strait of Hormuz. The gains reflect concerns that escalating tensions could disrupt global oil supplies through one of the world’s busiest energy trade routes. Markets …

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