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

Oil Prices Surge Amid Escalating Tensions in Strait of Hormuz

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices held near six-week highs on Monday as tensions between the US and Iran continued to escalate, affecting crude oil flows in the Middle East.

The Brent crude futures rose $1.19, or 1.2 per cent to $97.47 a barrel by 1214 GMT, having earlier hit their highest point since July 24 at $97.93.

In Saudi Arabia, the Jazan oil refinery was attacked on Monday, according to the Financial Times, citing two people with knowledge of the matter.

More on Commodities

Commodities 2m ago

Hormuz Disruption Hits LNG Flows Harder Than Oil Shipments

Commodities 10m ago

Latvia Slaps 300% Tariff on Russian Grain Exports

Commodities 11m ago

Europe Must Lead Global Effort to Prevent Food Crisis

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