Brent Crude Surges 5% as Iran Threatens to Close Strait of Hormuz

2026-07-08 22:38

Woofun AI data shows that Brent crude oil prices climbed 5% intraday to reach $79.60 per barrel, while WTI crude advanced 4.75%. Iranian media stated that Tehran intends to close the Strait of Hormuz in response to any further attacks.

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