BNB$676.86-1.31%BRENT$95.84+0.22%BTC$77,711-1.93%COPPER$6.58+1.26%DJI$53,686+1.18%DOGE$0.0841-1.44%DXY99.00+0.10%ETH$2,396-1.99%GOLD$4,473+1.95%NDX$29,482+1.16%SILVER$66.95+2.50%SOL$91.24-2.07%SPX$7,748+1.06%US10Y4.76-0.71%VIX14.32-5.79%BNB$676.86-1.31%BRENT$95.84+0.22%BTC$77,711-1.93%COPPER$6.58+1.26%DJI$53,686+1.18%DOGE$0.0841-1.44%DXY99.00+0.10%ETH$2,396-1.99%GOLD$4,473+1.95%NDX$29,482+1.16%SILVER$66.95+2.50%SOL$91.24-2.07%SPX$7,748+1.06%US10Y4.76-0.71%VIX14.32-5.79%
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Oil Prices Surge Amid US-Iran Tensions and Supply Concerns

Oil ↑ Strong

Key takeaways

  • Oil: Oil — Strong bullish
  • Oil is on track for its largest weekly gain since July, driven by escalating US-Iran tensions that raise fears of disruptions in the Strait of Hormuz.

Analysis

Oil is on track for its largest weekly gain since July, driven by escalating US-Iran tensions that raise fears of disruptions in the Strait of Hormuz.

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