Crude oil prices have skyrocketed on Wednesday, extending the gains from Tuesday’s session, amid renewed Middle East tensions after the U.S. and Iran exchanged fresh strikes while U.S. President Donald Trump called the U.S.-Iran ceasefire “over.”
WTI Crude Oil for August month delivery was last seen trading up by $3.16 (or 4.49%) at $73.60 per barrel.
The Middle East tensions that began after U.S.-Israeli forces attacked Iran on February 28 subsided after the U.S. and Iran signed a preliminary Memorandum of Understanding on June 17.
Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial – No Payment Required
Market Analysis
Crude Oil Catapults Amid Increasing War Concerns After Fresh Escalation In Iran
2026-07-08 18:38:35
