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

Oil Prices Rise Over 1% Amid Strait of Hormuz Concerns

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices rose more than 1% on Friday, marking their strongest month since March. Brent futures settled at $90.12 a barrel, while WTI futures closed at $84.67.

The increase was driven by concerns over global crude flows, particularly in the Strait of Hormuz. Iranian reports stated that some tankers were forced to turn back due to Houthi threats, further disrupting Middle East output.

Ole Hvalbye, a market analyst at SEB Research, noted that 'the market has stopped trading the war and started trading the shipping data.'

More on Commodities

Commodities 1m ago

Wheat Market Sees Gains Amid Ongoing Global Tensions

Commodities 1m ago

Indian Stocks Rally as Oil Prices Continue to Pose Threat

Commodities 2m ago

Middle East Tensions Drive Fuel Price Increases in Australia

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. 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