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

Oil Prices Soar as Middle East Conflict Escalates

Guavy AI Editorial Team
Instruments
Oil Natural Gas
Share

Oil prices rebounded on Thursday after hitting losses in the previous session as investors feared further escalation of the conflict in the Middle East, threatening global energy markets.

The Brent futures rose $4.77 to $106.99 a barrel by 1220 GMT, while U.S. West Texas Intermediate crude futures gained $3.74 to $94.06 a barrel.

Iran is reviewing a US proposal to end the war but has no intention of holding talks, according to Iranian Foreign Minister.

The conflict has nearly halted shipments through the Strait of Hormuz, which typically carries about a fifth of the world's crude oil and LNG supply.

More on Commodities

Commodities just now

Iran Identifies Regional Energy Assets as Potential Targets for US-Israel Strikes

Commodities just now

Dubai Gold Prices Unchanged Amid Global Market Stability

Commodities just now

Gold Price Surges Past $4,050 Amid Market Volatility

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