Oil rises after US launches fresh strikes on Iran

RIYADH: Oil prices rose more than 1 percent on Thursday after the US carried out fresh strikes on ‌Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies. Brent crude futures rose 86 cents, or 1.1 percent, to $78.88 a barrel by 06:52 a.m. Saudi time. US West Texas Intermediate crude futures were up 85 cents, or 1.2 percent, at $74.37 a ​barrel.

  News   Jul 10, 2026   0   0  Add to Reading List
Oil rises after US launches fresh strikes on Iran












RIYADH: Oil prices rose more than 1 percent on Thursday after the US carried out fresh strikes on ‌Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies. Brent crude futures rose 86 cents, or 1.1 percent, to $78.88 a barrel by 06:52 a.m. Saudi time. US West Texas Intermediate crude futures were up 85 cents, or 1.2 percent, at $74.37 a ​barrel.
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