Oil prices traded higher on Monday as renewed hostilities in the Middle East posed fresh risks to ships seeking to navigate the Strait of Hormuz.
Brent crude prices were up 2.2 percent at $77.70 a barrel, paring some gains after surging more than 4 percent earlier in the session as the U.S. and Iran continued to exchange missile strikes, raising fresh uncertainty over oil supplies and regional stability. WTI crude futures were up 2.2 percent at $72.97.
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Market Analysis
Oil Prices Climb Amid US-Iran Tensions
2026-07-13 09:25:07
