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    • Oil Prices Rise After Fresh US Strikes Against Iran

    By on July 9, 2026
    Crude Oil
    Crude Oil

    Beijing: – Oil prices rose today following fresh US military strikes against Iran, reducing expectations of a near-term resolution to the conflict.

    Brent crude futures gained 78 cents, or 1 percent, to reach US$78.80 per barrel, while US West Texas Intermediate (WTI) crude futures rose 74 cents, or 1.01 percent, to US$74.26 per barrel.

    Both benchmark contracts had climbed by more than US$1 in after-hours trading on Wednesday following the latest US military action against Iran.

    Prior to the renewed escalation, Brent and WTI crude had stabilized at their highest levels in more than two weeks.

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