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WTI Crude Surges 10% Weekly as US-Iran Tensions Threaten Gulf Supplies

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • WTI crude surged nearly 10% this week, tracking its largest weekly gain since mid-July amid escalating U.S.-Iran tensions and fears of Persian Gulf supply constraints.
  • Diminishing inventory buffers continue to underpin prices, though analysts warn the rally could stall if Strait of Hormuz flows remain uninterrupted.
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WTI price history

100.05 +69.03% over the displayed period

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