Oil surges over 3% as Middle East tensions raise supply risks
Oil prices surged in Asian trading after escalating military tensions in the Middle East heightened concerns over potential disruptions to regional energy supplies.
July 29, 2026 (MLN): Oil prices surged in Asian trading after escalating military tensions in the Middle East heightened concerns over potential disruptions to regional energy supplies. Currently, Brent crude futures is up, 3.12%, at $87.21 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is up by $2.77, or 3.49%, to $82.03 per barrel by [11:03 am] PST. Iran launched multip...