Shafaqna English- Monday(13 Jul 2026) witnessed a notable rally in crude prices as Tehran escalated its strikes on Persian Gulf Arab states following U.S. military action, endangering vital energy exports that transit the strategic Strait of Hormuz.
By 23:11 GMT, Brent futures had risen by $2.34, or 3.08%, reaching $78.35 per barrel, while WTI crude increased by $2.21, or 3.09%, to settle at $73.62 a barrel.
Source: Reuters