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New American Strikes on Iran Support Global Oil Gains

July 9, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
New American Strikes on Iran Support Global Oil Gains

Oil prices rose on Thursday amid escalating geopolitical tensions following the United States' execution of new strikes targeting sites inside Iran, raising market concerns about the stability of global energy supplies and the security of navigation in the Strait of Hormuz. Brent crude futures recorded an increase of 88 cents, equivalent to 1.13 percent, reaching $78.90 per barrel, while futures contracts...

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