EnergyJul 22, 2026
CL.1 — Oil prices surge as US-Iran conflict escalates, threatening key shipping lanes
BullishEnergy
Crude prices climbed amid heightened geopolitical risk after the US conducted further strikes on Iran. Brent crude rose toward $92 a barrel, while West Texas Intermediate neared $85.21, as Iran claimed attacks on tankers in the Strait of Hormuz and Houthi rebels threatened a maritime embargo on Saudi ports, stoking fears of widespread supply disruptions.
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