U.S.-Iran Clashes Spark 4% Oil Price Spike
TDT | Manama
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Global energy markets erupted as crude oil prices skyrocketed by over 4%, shattering recent stability. As of July 13, 2026, Brent crude jumped to $79.21 per barrel, while WTI hit $74.42. This sudden rally follows a dramatic military escalation, with the United States and Iran trading heavy retaliatory airstrikes.
With the critical Strait of Hormuz now facing severe supply disruption risks, traders are frantically pricing in conflict premiums, threatening immediate retail gasoline inflation worldwide.
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