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economicJul 22, 2026

Oil climbs over 4% to near six-week high as conflict threatens key oil transit routes

Summary

Oil climbs over 4% to near six-week high as conflict threatens key oil transit routes

Source: currentsapi — Read the full report

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  • currentsapi(Mixed)By SECTIONS Oil climbs over

    Oil prices rose to a near six-week high on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the U.S. and Iran and threats to shipping by the Iran-backed Houthi mil…

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