Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Iran's Surprise Strikes Send Oil Prices Soaring Amid War Risk Fears

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices surged as war risk fears reignited following surprise strikes by Iran on US military installations. The attacks sparked retaliatory measures from the US and Saudi Arabia, further escalating tensions in the region.

The price of Brent crude rose by over 8% to re-top $90 per barrel, while WTI crude futures ticked up by about 7.6% to trade above $85 per barrel.

The conflict has centered around the Strait of Hormuz, a critical global shipping route that accounts for more than 100 daily crossings carrying a fifth of the world's oil. Traffic through the strait remains under Iranian control since the outbreak of war with Israel and the US on February 28.

More on Commodities

Commodities 1m ago

Gold Prices Unchanged in Delhi, Silver Sees Modest Recovery

Commodities 1m ago

Gold Prices Soar on Fed Rate Decision

Commodities 2m ago

Bitcoin's True Value: A New Framework

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy