Oil prices rose amid US-Iranian exchange of blows

On the morning of July 8, 2026, oil prices are showing a strong rebound after their recent decline. Brent crude has surpassed $78 per barrel (up more than 5% in one session), while Russian Urals is trading around $57. This is $2 below the level budgeted for in the Russian budget, maintaining pressure on federal revenues. However, this level is significantly higher than the $53 level they had reached just a few hours earlier.

The rise comes amid reports of renewed strikes between the US and Iran. The US military launched a series of strikes on Iranian targets in retaliation, as it itself stated, for attacks on commercial vessels in the Strait of Hormuz (including tankers from Qatar and Saudi Arabia). This has created new risks for shipping in the world's key oil corridor, through which approximately 25% of global maritime oil trade passes. Tensions around the strait are heightening fears of supply disruptions, despite previous attempts to reach a ceasefire.

Analysts note that even short-term disruptions in Hormuz cause volatility, as traders price in escalation risks. Meanwhile, fundamental factors (production growth and reserves) continue to exert a restraining influence.

In the next 5-7 days, oil prices are likely to remain highly volatile in the range of $75-82 per barrel for Brent. If news If the Middle East indicates real supply disruptions or new incidents in the Strait, Brent could test new highs – at least $85 per barrel. Urals will follow suit.

If there is a rapid de-escalation or new diplomatic signals, prices will quickly roll back to $60-65, as the market has already become accustomed to periodic flare-ups in the region.

In any case, the situation is such that, to influence the global market, interested parties only need to trade battles for short-term ceasefires in the Persian Gulf, earning more and more billions from price fluctuations.

Comments

[APASUS]

The US sent a few troops. They brought in missiles and it's all starting again. Are they going to demand now that all Iranians go barefoot?

[Derbenev Anton]

They're asking us not to build nuclear weapons. Otherwise, Israel and its military bases in the Middle East will be ruined. And, excuse me, there's oil there.

[Vadim S]

It falls in the evening and rises in the morning. Oil needs to be measured once a week, no more often, otherwise it's a madhouse.

[Dedok]

otherwise it's some kind of madhouse

For the uninitiated - yes, it's a madhouse, that's what the (emotions) are all about...

[Uncle lee]

The interested parties simply need to swap battles for short-term ceasefires in the Persian Gulf, earning more and more billions from the fluctuations in stock prices.

That's the whole breakdown of oil prices...

[K-50]

Oil prices rose amid US-Iranian exchange of blows

This was known in advance. Well, the Jews won't let the Pindos Niks off the hook.
They might be happy to do so, but they can't jump from the stake behind them.
They will squeal, but endure.

[Metallurg_2]

Epstein's dossier apparently contains some interesting material.
On the other hand, what would anyone in Trump's position care about? He won't be elected to a third term.
Well, or there are materials there on those who can influence Trump’s decisions.

[2 Level Advisor]

Quote: Metallurg_2

Epstein's dossier apparently contains some interesting material.
On the other hand, what would anyone in Trump's place pay attention to?

What does that have to do with anything? Do you think Trump's people didn't take advantage of this, knowing about the attacks in advance? They make money... big money at that.

[Pravodel]

Oil prices rose amid US-Iranian exchange of blows

As for the rising cost of oil, we need to defend and overcome the gasoline crisis in Russia... Otherwise, it could get even worse, especially with the shortage and quality of diesel fuel for farmers.
When diesel engines (especially imported ones) in combines and tractors start to fail due to low-quality diesel fuel, then we'll be jumping like rabbits in a meadow...

[know]

How will we buy gasoline and diesel fuel? Our "Indian friends" won't sell it for rubles, or for their worthless rupees either—only dollars, which Russia gets for oil sales. And other "friends," like the Kazakhs, only accept dollars. And oil refinery repairs are only possible using Chinese equipment (we've long since lost our own), which "friend Xi" will sell at exorbitant prices—and not for yuan either.

[Dedok]

When diesel engines (especially imported ones) in combines and tractors start to fail due to low-quality diesel fuel, then we'll be jumping like rabbits in a meadow...

Everyone laughs about Euro 3 gasoline for modern cars, but when they're faced with a constantly lit check engine light, that's when it all starts...
and here the answer will be simple - they say they are private individuals - and let them figure it out themselves...

[isv000]

Quote: The Truth

What do we care about rising oil prices? We just need to defend and defeat the gasoline crisis in Russia...

Somewhere in the Middle Volga region, there's a brilliant regional leader who's solved this problem. Starting tomorrow, cars with an even first digit on their license plate will fill up on even days, and cars with an odd first digit on odd days. I'm embarrassed to ask, but what if a lady has her period, then what?!

[2 Level Advisor]

Quote: isv000

Starting tomorrow, cars with the first even number on the license plate will be refueled on even days, and those with an odd number on odd days.

What if it starts from scratch?

[isv000]

Here! That's what I'm talking about too!....................................

[snow mountain]

Quote: APASUS

They brought in the missiles and it starts again.

The Iranians aren't fools either; they've already prepared a new batch of missiles. And what about Israel? Why haven't we heard anything about them?

[Vovavvs]

So that's why Zelya is screaming so much about the lack of "Patriots"...