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Oil Jumps After Tanker Hit in Middle East Flare-Up

Oil Jumps After Tanker Hit in Middle East Flare-Up
Bloomberg Markets Sunday 28 June 2026, 22:01 UTC By Nicholas Lua 1 min read
Key Points

Oil Jumps After Tanker Hit in Middle East Flare-Up Oil advanced after a tanker carrying Qatari crude was hit during a flare-up in attacks between the US and Iran, straining a ceasefire and hampering shipping through the Strait of Hormuz. Brent jumped as much as 1.9% to $73.39 a barrel, after closing below pre-war levels in the previous session, while West Texas Intermediate was near $70. Among tit-for-tat assaults that started Thursday, the US over the weekend struck Iranian military targets...

Oil Jumps After Tanker Hit in Middle East Flare-Up Oil advanced after a tanker carrying Qatari crude was hit during a flare-up in attacks between the US and Iran, straining a ceasefire and hampering shipping through the Strait of Hormuz. Brent jumped as much as 1.9% to $73.39 a barrel, after closing below pre-war levels in the previous session, while West Texas Intermediate was near $70. Among tit-for-tat assaults that started Thursday, the US over the weekend struck Iranian military targets near the vital waterway after Tehran attacked the tanker following an earlier strike on a container ship, with both sides blaming the other for breaching the ceasefire.
Middle East (LOCATION) Qatari (ORG) US (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) Brent (PERSON) Iranian (ORG) Tehran (LOCATION)
Originally published by Bloomberg Markets Read original →

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