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

Oil Prices Surge Amid Tanker Attacks and Stalled US-Iran Peace Talks

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices surged on Friday due to tanker attacks and stalled peace talks between the US and Iran. According to the Al Attiyah Foundation's Weekly Energy Market Review, Brent crude futures settled at $88.52 a barrel, while US West Texas Intermediate (WTI) crude finished at $82.40 a barrel.

The price increase was driven by two vessels from the state-owned Abu Dhabi National Oil Company being attacked while transiting the Strait on Thursday. The UAE government condemned the incident as an Iranian attack.

The US administration said it could maintain a naval blockade of Iran indefinitely and increase economic pressure on Tehran in response to stalled ceasefire talks. This move has increased tensions in the region, contributing to the rise in oil prices.

More on Commodities

Commodities just now

India's Gold Prices Remain Steady on August 16 After Volatile Week

Commodities 3m ago

Gold Prices Driven by Market Sentiment and Industrial Demand

Commodities 3m ago

Azerbaijan's Oil Prices Surge Amid Global Market Shifts

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