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world2w ago

Oil prices rise after US and Iran exchange fire in Hormuz strait

https://www.bbc.com/news/articles/c86dp85g59xohttps://www.bbc.co.uk/news/articles/ckgp4ev4yg4ohttps://www.cnbc.com/2026/05/11/oil-price-today-brent-wti-iran-war-trump.html
Bbc.com and 6 more
Oil prices rise after US and Iran exchange fire in Hormuz strait Open in Bbc.com
Highlights
  • Oil prices surged in early Asian trade on Friday after Iran and the U.S. exchanged fire in the Strait of Hormuz, threatening to break the very fragile ceasefire.
  • Brent crude rose to about $102.70 per barrel, while West Texas Intermediate climbed around 1.95% in early trading.
  • Analysts cautioned the flare-up tests the Hormuz ceasefire's durability, keeping market mood volatile despite de-escalation talk.

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References

Oil prices jump after Trump dismisses Iran proposal to end war

Oil prices jump after Trump dismisses Iran proposal to end war

Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions

Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions

Oil prices jump as US, Iran trade fire in Strait of Hormuz

Oil prices jump as US, Iran trade fire in Strait of Hormuz

Oil prices climb after Trump dismisses Iran’s response to peace plan

Oil prices climb after Trump dismisses Iran’s response to peace plan

Share futures wobble, dollar gains as Gulf talks teeter

Oil Prices Jump After U.S. and Iran Exchange Fire in Strait of Hormuz | OilPrice.com

Oil Prices Jump After U.S. and Iran Exchange Fire in Strait of Hormuz | OilPrice.com

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