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WTI Crude Oil Price Breaks Above $86.00 Amid US-Iran Tensions

Guavy AI Editorial Team
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The West Texas Intermediate (WTI) crude oil price has broken above $86.00 as tensions between the US and Iran continue to fuel supply concerns.

US-Iran tensions have been escalating since Sunday, when US forces struck two rocket launchers on Iran's Larak Island in the Strait of Hormuz.

This has prompted an Iranian counterattack on American air bases in Jordan, with President Donald Trump warning that further military action remained possible and threatening to hit Iran 'hard'.

The geopolitical risk premium is still in play, supporting crude oil prices.

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