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economicAug 7, 2026

Oil rises on concerns over Strait of Hormuz reopening plans

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Oil rises on concerns over Strait of Hormuz reopening plans

Source: currentsapi-gapfill — Read the full report

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  • currentsapi-gapfill(Mixed)By SECTIONS Oil rises

    Brent crude futures rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT. U.S. West Texas Intermediate futures rose 85 cents, or 1.1%, to $78.84. Oil futures settled up at over $3 a barrel on Thursday as Iran reviewed a bill to ban U.S. and Israeli vessels from the Strait of Ho…

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