Oil prices climbed Friday following attacks on Saudi energy infrastructure and concerns over the Strait of Hormuz closure. Despite a U.S.-Iran ceasefire, fighting persists, with markets closely watching tanker flows. Attacks have significantly impacted Saudi output and refining capacity, creating a measurable supply shock.
Oil Price Today (July 15): Crude oil above $86 as US-Iran exchange fresh strikes. Bigger surge brewing?
Brent crude settled at its highest level since June 12 for a second consecutive session, while West Texas Intermediate (WTI) closed at its strongest level