Markets · Commodity markets, July 7

What moved in commodities

Tuesday, July 7, 2026. From GEO's evening brief, after the close.

Crude jumped more than 5% after the US launched military strikes against Iran, a sharp escalation from this morning's tanker attacks in the Strait of Hormuz. WTI settled at $72.20/bbl and Brent at $75.86/bbl, while products split, with diesel firmer and gasoline lower.

Written with AI from public sources, checked by code, reviewed by GEO. Not investment advice.