Commodities

Oil prices rise as US and Iran exchange strikes

By Michele Maatouk

Date: Wednesday 08 Jul 2026

(Sharecast News) - Oil prices rose on Wednesday after the US and Iran exchanged strikes overnight, threatening the fragile ceasefire between the two.
At 0800 BST, Brent crude was up 3.1% at $76.47 a barrel, while West Texas Intermediate was 3% higher at $72.59.

Prices shot up as the US...

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