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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid rising geopolitical tensions in the Middle East, reports indicate that Iran is strengthening its grip on the Strait of Hormuz, a critical chokepoint for about 20% of global oil supply. According to MarketWatch, this development is stoking fears of supply disruptions and pushing oil prices higher.
Per market data, Brent crude futures rose to around $86.50 per barrel at the close on June 25, 2026, while West Texas Intermediate climbed to $82.10. This follows an average Brent price of roughly $78 in the first quarter, reflecting the current geopolitical risk premium. Analysts warn that any further escalation could push prices above $90.
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Sign InTraders are closely watching the situation in the Strait of Hormuz, where any military action or new sanctions could worsen the crisis. Markets are also awaiting weekly U.S. inventory data from the Energy Information Administration for demand signals. Focus will remain on international responses, particularly from the United States and naval powers, to any Iranian moves threatening freedom of navigation.