Oil prices traded higher on Friday and headed for a sharp weekly gain amid escalating Middle East tensions as both the U.S. and Iran intensified military confrontation over control of the Strait of Hormuz.
Brent crude futures were up 1.2 percent at $85.24 a barrel and headed for a weekly gain of more than 10 percent as shipping traffic slumped through the Strait of Hormuz. WTI crude futures surged 1.6 percent to $80.17.
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
Oil Headed For Sharp Weekly Gain As Middle East Conflict Escalates
2026-07-17 09:34:53
