WTI Crude Surges 5% as Trump Announces Iran Sanctions Return
2026-07-13 22:22

Woofun AI reports that international crude oil prices rose sharply, with WTI breaching $75 per barrel (+5.01%) and Brent reaching $79.74 (+5.00%). Chinese futures also gained, including SC crude at 481.5 yuan (+2.21%) and low-sulfur fuel oil at 4195 yuan/tonne (+1.92%).

U.S. President Trump declared the resumption of "Blockade Iran" operations to restrict Iranian vessels while ensuring open access for other nations. He stated the U.S. will act as 'Guardians of the Strait of Hormuz,' imposing a 20% fee on all cargo shipments to fund regional security costs.

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