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

Oil Prices Hold Near One-Week High Amid Strait of Hormuz Uncertainty

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices remain near their one-week high as traders grow cautious about the reopening of the Strait of Hormuz. Hopes for a US-Iran deal to end their war and reopen the strategic waterway have weakened.

WTI crude stood at $82.22 a barrel, while Brent crude edged up to $87.80 a barrel on Tuesday. The prices had jumped more than 5% in the earlier session, reaching their highest levels since July 31.

The rise came after US President Donald Trump responded to Iran's conditions for a peace deal by demanding compensation from Tehran for people killed in wars, attacks, and protests.

More on Commodities

Commodities just now

Canadian Natural Gas Prices Remain Steeply Discounted to US Benchmark

Commodities 1m ago

Summer Demand Surge Sends Natural Gas Futures Skyrocketing Amid Record Short Positioning

Commodities 1m ago

Silver Price Volatility Continues in Tamil Nadu

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

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