wti

Strait of Hor

2026-07-23 11:20:14

US Military Formally Blocks Strait of Hormuz, WTI Crude Returns to $101

The US naval blockade on Iranian ports took effect on April 13 evening, targeting only Iran-bound shipping. Strait transit counts drop sharply; WTI crude sits at $101. Reports emerge of Iranian officials studying uranium enrichment suspension in exchange for ending the war.

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crude oil

2026-07-23 10:15:15

Middle East Oil Supply Shock: WTI Breaks $90 with 35% Weekly Surge, Multiple Producers Cut Output, Oil Could Hit $150

Crude tanker traffic through Hormuz Strait nearly zero. WTI jumped 35% in a week past $90, Brent at $93. Iraq, Kuwait, UAE announce production cuts. Qatar warns oil could reach $150 if blockade persists. CPC raises Taiwan gasoline price by NT$1.5 per liter.

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oil

2026-07-23 06:40:14

Brent Tops $111 as Hormuz Blockade Enters Ninth Week

Oil prices climbed again as the Hormuz blockade stretched into its ninth week, with WTI up 3% at one point near $99 and Brent rising about 2.46% above $111. The market remains focused on the US-Iran standoff.

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Phemex

2026-07-22 20:50:14

Phemex Sees 300% Jump in Crude Oil Perpetuals as Ceasefire Shock Drives Round-the-Clock Trading

Phemex said weekly crude oil perpetual futures volume on its TradFi platform rose more than 300% after the US-Iran ceasefire announcement triggered a sharp oil sell-off. Weekly volume topped $300 million, with April 7 daily volume hitting a record $85 million.

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Brent Crude

2026-07-22 09:50:43

Brent crude futures rise above $95 a barrel for the first time since June 11

Brent crude futures moved above $95 per barrel on July 22, marking the first time the benchmark has crossed that level since June 11, according to market data from Bitget. The move put Brent futures back above a closely watched price threshold after more than a month. Spot prices were lower than the futures reading but also advanced on the day. Brent spot crude was quoted at $91.27, up 2.15% intraday, while West Texas Intermediate, or WTI, was at $88.76, showing a 4.41% gain on the day. The figures reflect the latest snapshot cited by BlockBeats.

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oil prices

2026-07-17 13:13:05

WTI and Brent crude futures both climb more than 3%

International oil prices extended gains, according to data cited by Odaily. WTI crude futures rose 3% to $80.68 a barrel, while Brent crude futures also climbed 3% to $86.78 a barrel. The update reflects a continued move higher in benchmark crude contracts and was published by Odaily, which attributed the figures to Gate data. No additional market context or drivers were provided in the source item.

1390

United States

2026-07-13 23:36:44

U.S. to Begin Maritime Blockade of Iranian Ports at 04:00 Beijing Time; Oil Prices Jump

The U.S. military will begin a maritime blockade covering all Iranian ports and coastal areas at 20:00 GMT on July 14, or 04:00 Beijing time on July 15, according to the Joint Maritime Information Center (JMIC). The measure applies to all vessels regardless of flag and spans Iran’s entire coastline, including ports and oil terminals. JMIC said the blockade will not interfere with neutral vessels transiting the Strait of Hormuz to non-Iranian destinations, while humanitarian cargo will be allowed through after inspection. As tensions between the U.S. and Iran escalated again, crude prices moved sharply higher. Bitget market data showed WTI crude at $78.825, up 6.97% on the day, while Brent crude was at $82.78, up 9.01%.

1390

oil prices

2026-07-13 14:22:40

Oil prices jump after Trump says U.S. will resume "Blockade Iran" operation

International oil prices moved higher on July 13, with WTI crude rising above $75 a barrel and Brent crude climbing to $79.74 a barrel, according to BlockBeats. WTI was up 5.01% on the day, while Brent gained 5.00%. Related futures contracts also advanced. China’s SC crude rose 2.21% to 481.5 yuan per barrel. Low-sulfur fuel oil (LU) gained 1.92% to 4,195 yuan per ton, fuel oil added 2.51% to 3,312 yuan per ton, and asphalt increased 3.13% to 3,960 yuan per ton. On the policy side, U.S. President Donald Trump said the Strait of Hormuz would remain open "with or without Iran." He said the United States would resume an operation called "Blockade Iran," describing it as a measure that would only stop Iranian ships or customers from entering or leaving, while allowing all other countries to use the strait on what he called a fair and open basis. Trump also said the U.S. would be known as the "Guardian of the Strait of Hormuz" and would charge a 20% fee on all cargo shipments to offset the cost of providing security in the region.

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