Oil Jumps as US Conducts Wave of Strikes Against Iran
Bloomberg 2026-07-13 08:34:37
Context: The United States conducted a wave of strikes against Iran, prompting a significant increase in oil prices. The strikes led to a rise in global benchmark Brent to above $79 a barrel and West Texas Intermediate to nearly $75. The military actions and subsequent disputes between the US and Iran have impacted the region.
Key Facts
- Global benchmark Brent rose above $79 a barrel and West Texas Intermediate edged toward $75 following the US strikes against Iran.
- The US forces completed another wave of strikes against Iran, with both sides having differing views on whether the Strait of Hormuz was open.
- Bloomberg's Stephen Stapczynski reported on the developments, providing insights into the situation and its effects on the oil market.