WTI and Brent Crude Oil Prices Surge Over 2% Amid Strait of Hormuz Incident

2026-07-07 21:57

Woofun AI data shows that WTI crude oil increased by 2.00% to trade at $70.25 per barrel, while Brent crude also rose over 2.00% to $73.52 per barrel. This price movement occurred after the UK Maritime Trade Organization reported an accident involving an oil tanker in the Strait of Hormuz.

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