Oil jumps after U.S. strikes Iranian tankers, lifting WTI to $91.05 and Brent to $95.68
AI Market Summary
Oil prices rose as U.S.-Iran escalation expanded to strikes on Iranian tankers and broader military targets, increasing perceived disruption risk in the Strait of Hormuz. WTI and Brent extended gains after a month of calmer conditions, with geopolitics reinforcing a tighter near-term supply narrative. A reported 2.6mb API inventory draw and continued SPR releases added support, with EIA confirmation now a key catalyst for volatility.
Impact level
● High
Affected assets
NCCO1OILWTI2USD/USDT-1.93%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
▲ Bullish
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After the U.S. targeted Iranian tankers, the risk of supply disruptions in the Strait of Hormuz increased, pushing WTI and Brent to $91.05 and $95.68, respectively. Both benchmarks have risen by about $5 since hostilities between the two countries resumed. API data showed U.S. crude inventories fell by 2.6 million barrels, while another 3.1 million barrels were released from the Strategic Petroleum Reserve to support commercial stocks.
