Oil prices surged about 10% after U.S.-Israel strikes on Iran disrupted flows through the Strait of Hormuz, prompting Washington to prepare a phased response to dampen the spike. Oil – Brent Crude and Oil – US Crude advanced as shippers, traders, and major insurers curtailed operations in the key transit corridor, heightening supply risk.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Over the past month, Brent has climbed roughly 17%, while WTI has risen about 14%, with both showing a 1-day technical signal of Strong Buy and Strong Buy, respectively. In contrast, Natural Gas has dropped more than 27% in the same period and currently flashes a 1-day Strong Sell signal, underscoring diverging market expectations for oil versus gas. Investors can explore more updates, prices, and analysis across global markets at Commodities.