The Economic Times

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall in next few days? Full explainer on Gulf conflict, Strait of Hormuz risks and global markets

Why are oil prices up today, and will Brent, US WTI crude futures continue to rise or fall in next few days? Oil prices climbed after new clashes between the United States and Iran threatened supply through the Strait of Hormuz. Brent moved above $100 and WTI also rose. Markets remain uncertain as ceasefire talks continue. Investors are watching jobs data, currencies, shipping risks, and global stock reactions to understand the short-term direction of crude markets.