U.S. and Brent Oil Futures Jump 4.5% on Renewed Iran Strikes, Extending 15-Day Rally Above 20%
U.S. WTI August crude futures settled at $82.49 a barrel, gaining $3.54 or 4.48%, while Brent crude settled at $88.10 a barrel, rising $3.87 or 4.59%. The settlement pushed U.S. crude to its highest daily close since June 15.
The price gains followed renewed U.S. airstrikes on Iranian targets and the reimposition of a naval blockade on Iranian port shipments. The hostilities extended a supply-driven rally that has lifted prices more than 20% in 15 days, leaving Brent near the $90 mark as markets price in further disruption to Persian Gulf flows.
From the sources (25 posts)
@osint613U.S. forces struck areas near Sirik and Bandar Abbas in Iran's Hormozgan Province around 11:00 PM local time, per Iran's Tasnim News. No casualties or infrastructure damage reported.
@clashreportNOW: The U.S. blockade on Iran has started again.
@faytuksnetworkThe U.S. blockade of Iran has officially entered into force.
@jm_szubaThe US naval blockade with Iran is scheduled to resume now.
@global_mil_infoThe U.S. naval blockade of Iranian ports and coastal areas has now gone into effect. At the same time, U.S. forces continue conducting strikes against Iranian military targets near and around the Strait of Hormuz.
@endgameww3Update: The United States Begins Imposing a Comprehensive Naval Blockade on Iran.
@osint613U.S. naval blockade on Iran is now in effect
@mdubowitzRT @CENTCOM: U.S. forces resumed the naval blockade against vessels transiting to and from Iranian ports and coastal areas today at 4 p.m.…
@rory_johnston⏰ US Hormuz blockade resumes now
@sentdefenderIt’s now 4:09 pm Eastern Time and U.S. Central Command has announced the resumption of the blockade of vessels traveling to and from Iranian ports. More than 20 U.S. naval vessels are operating in the Middle East, per the release. https://t
@zcohencnnUS naval blockade against vessels transiting to & from Iranian ports/coastal areas is officially back on, per CENTCOM.
@financialjuiceUS Military: More than 20 US Navy warships and hundreds of military aircraft are operating across the Middle East.
@firstsquawkU.S. MILITARY: MORE THAN 20 NAVY WARSHIPS AND HUNDREDS OF MILITARY AIRCRAFT OPERATING ACROSS MIDDLE EAST
@firstsquawkU.S. MILITARY: MORE THAN 20 U.S. NAVY WARSHIPS AND HUNDREDS OF MILITARY AIRCRAFT OPERATING ACROSS MIDDLE EAST
@centcomU.S. forces resumed the naval blockade against vessels transiting to and from Iranian ports and coastal areas today at 4 p.m. ET. There are currently more than 20 U.S. Navy warships and hundreds of military aircraft operating across the M
@endgameww3
@firstsquawkU.S. FORCES REINSTATE NAVAL BLOCKADE AGAINST VESSELS TRANSITING TO AND FROM IRANIAN PORTS AND COASTAL AREAS EFFECTIVE 4PM ET
@financialjuiceUS Military: US forces resumed the naval blockade against vessels transiting to and from Iranian ports and coastal areas today at 4 PM ET.
@endgameww3Iranian media: Echoes of explosions in Ahvaz and Qeshm.
@mossadilUS CARRIES OUT ADDITIONAL STRIKES IN IRAN TO ELIMINATE “EMERGING THREATS” A US official says American forces conducted additional strikes on military targets in Iran today to eliminate “emerging threats.” The official said there were only
@zerohedge*US SAYS IT RESUMED ITS NAVAL BLOCKADE OF IRANIAN PORTS, COAST
@ajenglishBREAKING: US CENTCOM confirms it has launched a new round of strikes against Iran, saying the attacks aim to “continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz.” 🔴 LIVE updates: https://t.co
@newswire_usU.S. SAYS IT RESUMED ITS NAVAL BLOCKADE OF IRANIAN PORTS, COAST
@theinsiderpaperBREAKING: U.S. forces resume naval blockade against vessels transiting to and from Iranian ports and coastal areas, U.S. military says
@polymarketJUST IN: CENTCOM announces a force of 20+ U.S. warships & hundreds of aircraft is backing the renewed blockade of Iran.