
Oil climbs following renewed US, Iran strikes in Middle East

Business
Oil climbs following renewed US, Iran strikes in Middle East
by DZRH News29 June 2026
Oil tanker Al Shaffiah sails at sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026. REUTERS/Stringer
SINGAPORE, June 29 (Reuters) - Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz.
Brent crude futures climbed 50 cents, or 0.69%, to $72.49 a barrel by 2204 GMT while U.S. West Texas Intermediate crude was at $69.96 a barrel, up 73 cents, or 1.05%.
(Reporting by Florence Tan; Editing by Edmund Klamann)
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