Brent crude rose further on Wednesday after the US military carried out fresh air strikes in Iran and revoked a waiver that had allowed Tehran to sell crude on global markets, Anatoly agency report…

Calm in the oil markets proved short-lived as prices jumped nearly 3% in early Wednesday trade.

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already…

Crude oil futures rise as US military strikes Iran and revokes oil sales waiver following recent Iranian attacks on vessels.

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

Brent crude rises above $76 a barrel for the first time in two weeks amid renewed violence in Strait of Hormuz.

Global oil prices spiked over 5% after US military strikes on Iran, intensifying West Asia tensions and threatening the security of the vital Strait of Hormuz shipping route.

“The current conflagration is a reminder to the market of how fragile passage through the Strait still is,” analyst says.

The price of Brent crude oil was up by as much as 3% on Wednesday morning to around 76 US dollars a barrel.

International oil benchmark Brent crude climbed as much as 6.52 per cent or $4.69 to trade near $80 a barrel. Similarly, US benchmark West Texas Intermediate (WTI) advanced more…

Brent crude rose further on Wednesday after the US military carried out fresh air strikes in Iran and revoked a waiver that had allowed Tehran to sell crude on global markets,…

Oil prices had been recovering following a memorandum of understanding signed last month to end the war, but they rose by more than 6% early on Wednesday.

Brent crude rises above $80 amid Strait of Hormuz tensions and Iran waiver revocation. WTI reaching $110 in July 2026 at 2.2% YES.