{"id":17555,"date":"2026-07-10T07:39:46","date_gmt":"2026-07-10T07:39:46","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17555"},"modified":"2026-07-10T07:39:46","modified_gmt":"2026-07-10T07:39:46","slug":"global-crude-oil-prices-today-july-10-2026-brent-oil-price-rises-to-76-49","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17555\/","title":{"rendered":"Global Crude Oil Prices Today (July 10, 2026) \/ Brent Oil Price Rises to $76.49"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude futures rose 19 cents, or 0.25%, to $76.49 per barrel. U.S. West Texas Intermediate (WTI) crude futures also increased 19 cents, or 0.26%, to $72.27.<\/p>\n

According to Roydad Naft, oil prices rose on Friday and are set to end the week with gains, as concerns over supply disruptions from the key Middle East producing region resurfaced following fresh clashes between the United States and Iran this week that restricted shipping through the Strait of Hormuz.<\/p>\n

Brent futures rose 19 cents, or 0.25%, to $76.49 per barrel (as of 03:19 GMT). U.S. WTI crude futures also climbed 19 cents, or 0.26%, to $72.27.<\/p>\n

For the week, Brent gained around 6% while WTI rose about 5%.<\/p>\n

Vandana Hari, founder of Vanda Insights, an oil market analysis provider, said: \u201cPrices have pulled back from mid-week highs, but a significant risk premium remains because tanker traffic through the Strait of Hormuz has almost come to a complete halt, and there is no clear indication of when normal operations will resume.\u201d<\/p>\n

She added: \u201cHowever, the market\u2019s confidence in a return by the U.S. and Iran to the diplomatic path for resolving the issue has limited further price gains.\u201d<\/p>\n

On Thursday, Iranian armed forces attacked U.S. military infrastructure in Gulf countries following U.S. strikes on Iran\u2019s southern and eastern coastal provinces. This has put additional pressure on the three-week ceasefire. Iranian media separately reported several explosions in southern Iran, including in Bushehr \u2014 home to one of the country\u2019s nuclear facilities.<\/p>\n

These latest clashes have delayed the full reopening of the Strait of Hormuz, which before the conflict carried around 20% of the world\u2019s daily oil and gas supply.<\/p>\n

Ship-tracking data showed that tanker traffic through the strait was almost at a standstill on Thursday as vessel owners assessed the risks from the recent attacks. The strikes followed an incident in which a Qatari LNG carrier was targeted while exiting the waterway near Oman.<\/p>\n

However, U.S. President Donald Trump said on Wednesday that he did not believe the conflict would resume because of the new clashes and that \u201cwhatever happens, it will be over very quickly.\u201d<\/p>\n

Daniel Hynes, senior commodity strategist at ANZ bank, said: \u201cDespite the increase in U.S. attacks on military sites in Iran, the market took some comfort from the Trump administration\u2019s decision to avoid targeting Iran\u2019s energy infrastructure.\u201d<\/p>\n

He added: \u201cThis was reinforced by President Trump\u2019s statement that he does not expect a return to full-scale conflict.\u201d<\/p>\n

Updated on