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WTI Crude Surges to $82.49, Up 4.48% on July 17 Amid U.S.-Iran Conflict Escalation

2026-07-17 22:02:18

According to the New York Mercantile Exchange, on July 17, crude oil prices surged over 4% as military tensions between the U.S. and Iran intensified. WTI August delivery climbed $3.54 to $82.49 per barrel, up 4.48%, while Brent September delivery rose $3.87 to $88.10 per barrel, up 4.59%. The conflict escalation marks a departure from an implicit agreement between the two nations not to target critical infrastructure; the U.S. military has expanded bombing operations to include bridges, railway facilities, and surveillance towers, while Iran has targeted power plants and desalination facilities.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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