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Oil Extends Surge as Fresh US Strikes Against Iran Rattle Market

Oil Extends Surge as Fresh US Strikes Against Iran Rattle Market
Bloomberg Markets Wednesday 08 July 2026, 22:01 UTC By Kanoko Matsuyama 1 min read
Key Points

Oil Extends Surge as Fresh US Strikes Against Iran Rattle Market Oil extended a powerful surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the region. West Texas Intermediate rose as much as 2.2% to top $75 a barrel, while Brent closed near $78. US forces started additional strikes to degrade Iran’s ability to threaten freedom of navigation in the Strait of Hormuz, Central Command said.

Oil Extends Surge as Fresh US Strikes Against Iran Rattle Market Oil extended a powerful surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the region. West Texas Intermediate rose as much as 2.2% to top $75 a barrel, while Brent closed near $78. US forces started additional strikes to degrade Iran’s ability to threaten freedom of navigation in the Strait of Hormuz, Central Command said. Tehran threatened a large-scale retaliatory operation against US bases.
Iran (LOCATION) US (LOCATION) West Texas Intermediate (ORG) Brent (PERSON) the Strait of Hormuz (LOCATION) Central Command (ORG) Tehran (LOCATION)
Originally published by Bloomberg Markets Read original →

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