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Oil prices surge as Iran deal ends, pushing WTI and Brent toward $80 resistance levels amid rising geopolitical risks.

Market News
09 Jul 2026
FXEmpire
View Source
Bullish
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Oil prices rallied sharply after the US declared the interim deal with Iran over, raising geopolitical risks that pushed WTI crude toward $80 and Brent crude near $81 per barrel. This surge reflects concerns over supply disruptions and inflationary pressures, which could keep central banks cautious. A break above $80 for WTI could lead prices toward $100, while Brent could climb to $90 or higher. Market volatility remains high, driven by headlines rather than traditional supply-demand factors, as tensions escalate in the Gulf region.

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