Oil surges over 4% as geopolitical tensions resurface
13/07/2026
Argaam
Oil drilling rigs
Oil prices surged in early session today, July 13, amid growing concerns about global energy supplies as threats persist in the Strait of Hormuz and renewed military strikes between the US and Iran.
The US Central Command carried out a new wave of strikes against multiple targets inside Iran on Sunday, while the Iranian Revolutionary Guard launched attacks today targeting US military bases, Reuters reported.
Ship tracking data from Kpler indicated that only six ships crossed the strait on July 12, the lowest level of shipping traffic in the past five weeks.
|
Brent, WTI Futures Prices |
|||
|
Crude |
Price ($/bbl) |
Change ($) |
Change |
|
Brent (September delivery) |
79.27 |
3.26 |
4.30% |
|
WTI (August delivery) |
74.53 |
3.12 |
4.35% |
*At 7:55 am Makkah time
Market Indices
Dubai
5,897.57
(9.63)
(0.16 %)
Abu Dhabi
9,960.24
(33.00)
(0.33 %)
TASI
10,542.23
(47.72)
(0.45 %)
Qatar
9,209.53
(49.77)
(0.54 %)
Kuwait
9,063.91
13.25
0.15 %
Muscat
7,828.06
39.92
0.51 %
Bahrain
1,898.90
(2.96)
(0.16 %)
Commodity Price
Brent Crude Oil
101.00
(0.38)
(0.38%)
Nymex
89.08
(1.16)
(1.29%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}