Oil Prices Could Stay Elevated as Mideast Tensions Rise

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Oil Prices Could Stay Elevated as Mideast Tensions Rise

Dow Jones07-13

0921 GMT - Oil prices may remain elevated amid growing Middle East tensions, according to GivTrade's Waleed Said. The risk of disruption across the Strait of Hormuz and other critical supply routes is supporting crude prices, the analyst says. "Brent and WTI could climb further if tensions threaten tankers, ports or production, but credible negotiations and stable shipping flows would quickly remove part of the risk premium," he says. Investors will closely watch whether the tentative oil recovery can be sustained, given the risk of renewed disruption in the Middle East. Front-month WTI crude oil futures are 2.1% higher at $72.91 a barrel; front-month Brent crude futures rise 2.2% to $77.65 a barrel. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

July 13, 2026 05:21 ET (09:21 GMT)

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