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

Oil Prices Settle After 5% Surge Amid Uncertainty Over Hormuz Reopening

Guavy AI Editorial Team
Instruments
Oil
Share

The price of oil has stabilized after a 5% surge the previous day due to uncertainty over the reopening of the Strait of Hormuz.

Brent crude rose by 0.3% to $87.99 per barrel, following President Donald Trump's dismissal of Iran's demands for the U.S. to pay for damages caused by five months of war as a condition for reopening the strait.

The average price of regular gasoline increased overnight to $4.01 per gallon, according to motor club AAA.

More on Commodities

Commodities just now

Baghdad's Gold Market in Limbo as Prices Continue to Fluctuate

Commodities just now

China's Institutional Buyers Absorb Gold Dip as Rotation Trade Continues

Commodities just now

Nashville Man's TikTok Rant Sparks Debate Over E15 Gasoline

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