As of 5:21 p.m. Moscow time, Brent crude was up 5.29%, trading at $80.03 per barrel

Trump says the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. The international oil benchmark, Brent, surpassed $80 per barrel.

As of 5:21 p.m. Moscow time, Brent crude was up 5.29%, trading at $80.03 per barrel

Brent crude jumps over 3% amid US-Iran tensions. WTI reaching $110 in July 2026 at 2.6% YES.

Crude oil futures climb as Trump reinstates a blockade on Iranian ports, significantly impacting shipping costs and market dynamics.