Update: WTI Oil Surges 9.2% as an Escalating US-Iran Conflict Threatens Strait of Hormuz
() -- West Texas Intermediate (WTI) crude oil surged 9.2% Monday to the highest in a month after the conflict between the US and Iran escalated over the weekend, fueling concerns about potential disruptions to global crude supplies. WTI crude oil closed up $6.73 to settle at $78.14 per barrel, the highest since June 15