Key Takeaway
Brent crude benchmark rose to more than $78 a barrel after attacks, its sharpest increase since ceasefire beganOil markets have recorded the sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led US president Donald Trump to declare the ceasefire deal with Iran is “over”. Brent, the global…
Published July 8, 2026 · Category: News
Overview
Brent crude benchmark rose to more than $78 a barrel after attacks, its sharpest increase since ceasefire began
Oil markets have recorded the sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led US president Donald Trump to declare the ceasefire deal with Iran is “over”.
Details
Brent, the global crude benchmark rose by 5% on Wednesday to more than $78 a barrel, the highest price since the US and Iran agreed the ceasefire while negotiating an end to the war last month.
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Source
Originally published at www.theguardian.com.
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What is "Oil prices rise to record level after Iran launches attacks on tankers near strait of Hormuz" about?+
Brent crude benchmark rose to more than $78 a barrel after attacks, its sharpest increase since ceasefire beganOil markets have recorded the sharpest price rise in nearly two months after a series of attacks on fossil fuel tankers near the strait of Hormuz led US president Donald Trump to declare the ceasefire deal with Iran is “over”.Brent, the global crude benchmark rose by 5% on Wednesday to more than $78 a barrel, the highest price since the US and Iran agreed the ceasefire while negotiating
Who reported this story?+
This story was reported by The Guardian World.