Oil Price Today (July 8): Crude oil tops 5% in two days as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?
Published on: July 8, 2026, 7:45 a.m. | Source: The Economic Times
Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already advanced about 3% on Tuesday after the United States withdrew the general licence that had allowed the sale of Iranian crude following the vessel attacks.
