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Line chart showing WTI crude oil climbing from about $66.95 on June 24 to $74.40 by July 9, 2026, amid escalating strikes on Iran.

WTI crude has climbed to $74.40, up 11.1% since June 24, as the U.S. and Iran have traded escalating strikes since late February. The rise has come in uneven bursts, with the sharpest single-day jumps tied to the two most intense nights of strikes rather than steady drift. Notably, the latest escalation, a larger overnight operation followed by retaliation against three Gulf states at once, produced a smaller market reaction than the prior night's smaller strikes, even as analysts at Rystad Energy warn that confidence in the underlying truce has weakened considerably.

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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