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

Oil Prices Soar as Iran Dashes Hopes for US Peace Deal

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices surged to their highest level in over three weeks after Iran announced it would maintain its aggressive stance and keep the Strait of Hormuz closed. The news effectively dashed hopes for a US-Iran peace deal, contributing to higher crude oil prices.

The Brent crude futures finished up 15 cents at $91.02 a barrel, while U.S. West Texas Intermediate crude futures rose by 44 cents to $84.94 a barrel, both reaching their highest levels since July 24.

Despite the gains, commodities analyst Darrell Fletcher noted that 'the market has muted movement to the daily headlines just due to the amount of noise since June with no real results.'

More on Commodities

Commodities 2m ago

Copper Prices Soar as AI Data Centers Drive Demand

Commodities 2m ago

Low-Carbon Copper Market Grapples with Definitions, Emissions, and Premiums

Commodities 4m ago

US Gold Prices Soar to $4,364 Amid Rising Treasury Yields

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