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Line chart of WTI crude oil prices climbing back above $85 a barrel after overnight strikes on Iran.

US forces struck multiple sites inside Iran overnight, with explosions reported near Bandar Abbas and the Persian Gulf island of Kish, both close to the Strait of Hormuz. Iran's Revolutionary Guard says it will retaliate today and separately claims full control of the strait, a claim US Central Command disputes. The price recovers most of Tuesday's pullback to $81.04, while tanker traffic through the Bab el-Mandeb strait has fallen 22 percent since a Houthi blockade of Saudi Arabia began July 20.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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