Oil climbs for fourth straight session on Middle East supply fears
Oil prices climbed for a fourth consecutive session on Thursday, supported by renewed geopolitical tensions after the United States launched fresh strikes on Iranian military targets, raising fears of supply disruptions in the Middle East.
July 16, 2026 (MLN): Oil prices climbed for a fourth consecutive session on Thursday, supported by renewed geopolitical tensions after the United States launched fresh strikes on Iranian military targets, raising fears of supply disruptions in the Middle East. Currently, Brent crude futures is down, 0.51%, at $84.52 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down b...