Reversing yesterday’s plunge, crude oil prices surged on Wednesday amid concerns about the gulf conflict intensifying further after the U.S. and Iran recommenced attacks. The Strait of Hormuz continues to remain closed, keeping supply disruption concerns alive.
WTI Crude Oil for July month delivery was last seen trading up by $2.26 (or 2.56%) at $90.46 per barrel.
The Middle East crisis re-escalated following new attacks between the U.S. and Iran since late yesterday.
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Market Analysis
Crude Oil Soars After Fresh U.S.-Iran Strikes Threaten To Delay Reopening Of Strait Of Hormuz
2026-06-10 18:37:15
