Crude Oil Futures News - July 12, 2026

🟢 Crude Oil is trading 3.6% up today on U.S.–Iran escalation and Hormuz shipping risks

Crude Oil is trading 3.6% up at $74.00 as markets react to renewed Middle East conflict and escalating risks to global shipping lanes. • Prices are being...

Iran pursues Hormuz shipping deal in Oman, as oil prices jump 5.5%

Iran’s Foreign Minister Abbas Araqchi arrived in Muscat, Oman, on Saturday for diplomatic negotiations. These talks aim to ensure safe passage through the...