Crude oil prices have soared on Tuesday as concerns of a fresh U.S.-Iran exchange of attacks surfaced following incidents involving projectile attacks on at least three tankers sailing across the Strait of Hormuz.
WTI Crude Oil for August month delivery was last seen trading up by $2.01 (or 2.93%) at $70.56 per barrel.
According to the U.K. Maritime Trade Operations center, today three tankers were hit by projectiles while traveling across the Strait of Hormuz.
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Market Analysis
Crude Oil Surges Amid Renewed Concerns Of Middle East Conflict
2026-07-07 18:41:01
